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.
- Top 10 Muni Bond Winners & Losers
- Top 10 Muni State Winners & Losers
- 10 Yr Yield by State - All Muni
- 10 Yr Yield by State - GO Only
- 10 Yr Yield by State - REV Only
- Market Sentiment
- Top Quote Volume Movers
- Most Quoted Municipal Bonds
| TOP 10 BOND WINNERS |
| Rank |
Bond Name |
Coupon |
Maturity |
Chg |
Price |
Price - 1W |
| 1 |
CLEVELAND OH-A |
3.00% |
12/01/43 |
5.28% |
104.27 |
99.05 |
| 2 |
DENVER ARPT |
6.41% |
11/15/39 |
5.23% |
139.94 |
132.99 |
| 3 |
PHOENIX IMPT-CAP-BHAC |
5.50% |
07/01/41 |
4.68% |
154.22 |
147.33 |
| 4 |
BALDWIN PARK CA UNIF |
4.00% |
08/01/39 |
4.45% |
117.76 |
112.74 |
| 5 |
RI STUD LN AUTH-1 |
4.28% |
12/01/34 |
4.32% |
108.82 |
104.31 |
| 6 |
MCKINNEY CMNTY DEV |
4.12% |
08/15/35 |
4.10% |
108.57 |
104.29 |
| 7 |
TUCSON COPS-TXB-BABS |
6.75% |
07/01/30 |
3.59% |
132.24 |
127.66 |
| 8 |
ATLANTA TAX ALLOC-D |
5.00% |
01/01/27 |
3.49% |
124.88 |
120.66 |
| 9 |
FOOTHILL E TRANSP-B2 |
5.00% |
01/15/53 |
3.43% |
105.25 |
101.75 |
| 10 |
CAPITAL TRUST AGY-B |
6.00% |
07/01/54 |
3.38% |
104.67 |
101.25 |
| TOP 10 BOND LOSERS |
| Rank |
Bond Name |
Coupon |
Maturity |
Chg |
Price |
Price - 1W |
| 1 |
MONTGOMERY HSG-D |
3.00% |
07/01/32 |
-7.27% |
102.97 |
111.04 |
| 2 |
DENTON-CTFS OBLIG |
4.00% |
02/15/45 |
-7.19% |
110.29 |
118.84 |
| 3 |
NEW HOPE CULT EDU-B |
5.00% |
07/01/46 |
-4.08% |
107.41 |
111.98 |
| 4 |
MET TRN AUTH-A2-BABS |
6.09% |
11/15/40 |
-3.48% |
137.78 |
142.75 |
| 5 |
EMPLOYEES RETIREMT-A |
6.15% |
07/01/38 |
-3.08% |
46.58 |
48.06 |
| 6 |
CAP TRUST AGY -A |
3.00% |
07/01/54 |
-2.84% |
96.25 |
99.06 |
| 7 |
JESSAMINE CO SD FIN |
3.00% |
06/01/28 |
-2.81% |
106.36 |
109.43 |
| 8 |
POLK CNTY OR HOSP FAC |
5.38% |
07/01/45 |
-2.80% |
104.13 |
107.13 |
| 9 |
BAY AREA TOLL-S1 |
7.04% |
04/01/50 |
-2.71% |
169.87 |
174.61 |
| 10 |
REGL TRNSP DIST-BABS |
5.84% |
11/01/50 |
-2.60% |
152.58 |
156.65 |
- Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 8/16/19 - 8/23/19
| TOP 10 STATE WINNERS |
| Rank |
State Name |
Chg |
Yld |
Yld - 1W |
| 1 |
HI |
-36 bps |
1.73% |
2.08% |
| 2 |
MA |
-18 bps |
1.75% |
1.93% |
| 3 |
NC |
-8 bps |
1.60% |
1.68% |
| 4 |
SC |
-2 bps |
2.08% |
2.10% |
| 5 |
OH |
-1 bps |
2.16% |
2.17% |
| 6 |
IL |
1 bps |
3.22% |
3.21% |
| 7 |
MD |
2 bps |
1.89% |
1.87% |
| 8 |
IA |
3 bps |
1.95% |
1.92% |
| 9 |
VA |
5 bps |
1.70% |
1.65% |
| 10 |
KY |
5 bps |
2.30% |
2.25% |
| TOP 10 STATE LOSERS |
| Rank |
State Name |
Chg |
Yld |
Yld - 1W |
| 1 |
AZ |
113 bps |
2.90% |
1.78% |
| 2 |
CO |
63 bps |
2.13% |
1.49% |
| 3 |
AL |
37 bps |
2.21% |
1.83% |
| 4 |
AR |
31 bps |
2.42% |
2.12% |
| 5 |
KS |
30 bps |
2.21% |
1.91% |
| 6 |
CT |
30 bps |
2.39% |
2.09% |
| 7 |
CA |
28 bps |
2.13% |
1.85% |
| 8 |
PA |
27 bps |
2.28% |
2.01% |
| 9 |
MN |
26 bps |
1.87% |
1.61% |
| 10 |
MO |
26 bps |
2.06% |
1.80% |
- Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 8/16/19 - 8/23/19
- Displays the average Muni 10 year yield by state between 8/16/19 - 8/23/19 (General Obligation and Revenue Bonds)
- Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
- Displays the average Muni 10 year yield by state between 8/16/19 - 8/23/19 (General Obligation Bonds only)
- Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
- Displays the average Muni 10 year yield by state between 8/16/19 - 8/23/19 (Revenue Bonds only)
- Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
- Reveals the percent of Muni bonds increasing in price (Advancers) vs. decreasing in price (Decliners) between 8/16/19 - 8/23/19
| TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK |
| RANK |
TRANCHE |
COUPON |
MATURITY |
PRIOR WEEK
|
THIS WEEK
|
INCREASE |
% INCREASE |
| 1 |
UNIV OF TEXAS TX-REF |
4.00% |
08/15/37 |
26 |
69 |
43 |
165% |
| 2 |
NJ TRANSPRTN TRUST-A |
5.00% |
12/15/28 |
7 |
43 |
36 |
514% |
| 3 |
WASHINGTON ST CONVENT |
5.00% |
07/01/58 |
37 |
68 |
31 |
84% |
| 4 |
PITTSBURGH PA WTR & S |
5.00% |
09/01/26 |
37 |
65 |
28 |
76% |
| 5 |
SAN ANTONIO-REF |
5.00% |
08/01/29 |
18 |
45 |
27 |
150% |
| 6 |
MET TRANS AUTH-C1-REF |
5.00% |
11/15/34 |
20 |
45 |
25 |
125% |
| 7 |
PENNSYLVANIA-2ND |
5.00% |
09/15/27 |
16 |
40 |
24 |
150% |
| 8 |
NJ TRANSPRTN TRUST-A |
5.00% |
12/15/36 |
16 |
40 |
24 |
150% |
| 9 |
RAMPART RANGE MET |
5.00% |
12/01/47 |
30 |
53 |
23 |
77% |
| 10 |
BALTIMORE CONVTN-REF |
5.00% |
09/01/36 |
7 |
30 |
23 |
329% |
- Exhibits the Munis with the largest increase in quote volume for the week ending 8/16/19 vs. the week ending 8/23/19
| MOST QUOTED MUNIS |
| RANK |
TRANCHE |
COUPON |
MATURITY |
DEALERS |
| 1 |
SAN JOSE -A-1 |
5.00% |
09/01/47 |
17 |
| 2 |
WASHINGTON ST CONVENT |
5.00% |
07/01/58 |
14 |
| 3 |
KANSAS CITY ARPT-B |
5.00% |
03/01/46 |
14 |
| 4 |
UNIV OF TEXAS TX-REF |
4.00% |
08/15/37 |
14 |
| 5 |
PITTSBURGH PA WTR & S |
5.00% |
09/01/26 |
13 |
| 6 |
VIRGINIA-A-REF |
5.00% |
06/01/24 |
13 |
| 7 |
OHIO ST-A |
5.00% |
05/01/27 |
13 |
| 8 |
NYC TRANS FIN-F1 |
5.00% |
05/01/31 |
13 |
| 9 |
MO HWYS-A-REF-1ST |
5.00% |
05/01/24 |
12 |
| 10 |
MARTIN CO -SALES TAX |
4.00% |
07/01/34 |
12 |
- Ranks the Munis that were quoted by the highest number of dealers between 8/16/19 - 8/23/19
Want free access to Solve's Real-Time Market Data and trends within the market for Municipal Bonds?
If you would like to see additional information, or if you have any feedback or questions, please feel free to reach out to us at info@solveadvisors.com or +1 646-699-5041.
