Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 8/16/19

Michael Pellerito, August 19, 2019

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We are excited to launch a weekly newsletter to highlight trends in the Municipal Bond market. Our newsletter presents key trends derived from observable Municipal Bond pricing data over a weekly period.  

  1. Top 10 Muni Bond Winners & Losers
  2. Top 10 Muni State Winners & Losers
  3. 10 Yr Yield by State - All Muni
  4. 10 Yr Yield by State - GO Only
  5. 10 Yr Yield by State - REV Only 
  6. Market Sentiment
  7. Top Quote Volume Movers
  8. Most Quoted Municipal Bonds

 

TOP 10 BOND WINNERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 SILICON VY TOB CAB-D 0.00% 06/01/56 20.59% 6.36 5.28
2 TOB SEC NRTHRN CA-C 0.00% 06/01/45 17.86% 12.38 10.50
3 PR INFRA-SER B 5.00% 07/01/37 12.04% 23.25 20.75
4 CA TOB CAB-D-STANISLA 0.00% 06/01/55 8.99% 6.41 5.88
5 CA HLTH FACS-A2 5.00% 11/01/47 8.75% 155.91 143.37
6 TRIBORO BRDGE-GEN-B 5.50% 11/15/39 7.31% 136.57 127.27
7 PR SALES TAX FING-A1 0.00% 07/01/46 7.24% 26.72 24.91
8 ANAHEIM CA ELEM SD 2.75% 08/01/42 7.10% 101.18 94.48
9 MET PIER CAB-A-MCCORM 0.00% 12/15/34 7.06% 63.25 59.08
10 PR SALES TAX FING-A1 0.00% 07/01/51 6.87% 19.88 18.61
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 ELECT 2006-SER B CABS 0.00% 08/01/33 -6.14% 43.81 46.67
2 PR REF & PUB IMPT-C 5.70% 07/01/23 -4.38% 70.73 73.97
3 PR HWY/TRN-SUB 5.25% 07/01/18 -3.52% 65.13 67.50
4 PR PUB IMPT-SER A 5.25% 07/01/22 -3.51% 71.52 74.13
5 DE KALB SD #428-A-REF 3.25% 01/01/35 -3.34% 105.87 109.53
6 CALIFORNIA ST-REF 5.00% 12/01/21 -3.08% 110.01 113.51
7 PR COMWLTH-IMPT-A 5.00% 07/01/29 -2.09% 72.40 73.94
8 PR-REF-PUB IMPT-A 5.00% 07/01/21 -2.06% 71.25 72.75
9 MEMPHIS ETC INDL DEV 2.61% 11/01/22 -1.96% 102.15 104.19
10 PR COMWLTH-IMPT-A 5.00% 07/01/25 -1.91% 71.51 72.91
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 8/9/19 - 8/16/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 AZ -126 bps 1.78% 3.05%
2 AL -60 bps 1.83% 2.43%
3 MO -46 bps 1.80% 2.26%
4 PA -45 bps 2.00% 2.45%
5 WA -41 bps 1.76% 2.17%
6 CO -26 bps 1.49% 1.75%
7 FL -22 bps 1.95% 2.16%
8 KS -21 bps 2.01% 2.22%
9 NE -21 bps 2.01% 2.22%
10 NJ -20 bps 1.94% 2.14%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 WI 15 bps 2.15% 2.00%
2 IA 6 bps 1.92% 1.86%
3 GA 2 bps 1.84% 1.81%
4 KY 2 bps 2.25% 2.22%
5 OR 1 bps 2.08% 2.07%
6 CT -1 bps 2.09% 2.10%
7 MA -2 bps 1.93% 1.95%
8 MD -2 bps 1.87% 1.89%
9 IL -5 bps 3.21% 3.26%
10 TX -5 bps 2.04% 2.09%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 8/9/19 - 8/16/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 8/9/19 - 8/16/19 (General Obligation and Revenue Bonds)
    • Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories

 

10 Yr Yield by State - Go

  • Displays the average Muni 10 year yield by state between 8/9/19 - 8/16/19 (General Obligation Bonds only)
    • Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories

10 Yr Yield by State - Rev

  • Displays the average Muni 10 year yield by state between 8/9/19 - 8/16/19 (Revenue Bonds only)
    • Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories

 Muni Market Sentiment - Advancers vs. Decliners

  • Reveals the percent of Muni bonds increasing in price (Advancers) vs. decreasing in price (Decliners) between 8/9/19 - 8/16/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 FL BOE-A-REF 5.00% 06/01/22 18 55 37 206%
2 MICHIGAN ST-REF-B 5.00% 11/01/23 19 55 36 189%
3 NC MEDICAL CARE COMM 5.00% 06/01/26 12 46 34 283%
4 MET COUNCIL-C-REF 5.00% 03/01/23 16 49 33 206%
5 PUTNAM PCR-A-REF 5.00% 03/15/42 8 41 33 413%
6 MAINE ST-B 5.00% 06/01/24 18 50 32 178%
7 DELAWARE ST-A 5.00% 08/01/22 14 45 31 221%
8 PORT OF SEATTLE-REF 5.00% 06/01/22 14 45 31 221%
9 LA UNIV A&M-A-REF 5.00% 07/01/22 14 45 31 221%
10 IN FIN AUTH-D 5.00% 08/01/22 12 43 31 258%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 8/9/19 vs. the week ending 8/16/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 SAN JOSE -A-1 5.00% 09/01/47 17
2 HI ELEC CO INC 3.20% 07/01/39 15
3 DASNY-A-GROUP 2-REF 5.00% 03/15/31 15
4 DENVER CITY & CO ARPT 5.00% 12/01/37 14
5 NYC TRANS FIN AUTH 4.00% 05/01/42 14
6 OHIO ST HWY CAP-U-REF 5.00% 05/01/27 14
7 WASHINGTON ST CONVENT 5.00% 07/01/58 13
8 OHIO ST-A 5.00% 05/01/35 13
9 ARIZONA ST COPS 5.00% 10/01/29 13
10 KANSAS CITY ARPT-B 5.00% 03/01/46 13
  • Ranks the Munis that were quoted by the highest number of dealers between 8/9/19 - 8/16/19

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