Solve Advisors Municipal Bond Market Summaries

Municipal Bond Market Summary - Week Ending 12/6/19

Written by Michael Pellerito | Dec 9, 2019 3:39:55 PM

 

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 PR ELEC-TXB-EEE-BABS 6.05% 07/01/32 4.55% 74.23 71.00
2 LYON CO UNIF SD #253 4.00% 09/01/39 3.62% 113.08 109.13
3 SOLANO CO CCD-A 4.38% 08/01/47 3.36% 112.14 108.50
4 WEATHERFORD ISD-CABS 0.00% 02/15/34 2.87% 69.98 68.03
5 IL FIN AUTH REV 4.00% 05/15/33 2.78% 106.26 103.39
6 GAINESVILLE UTIL-A 5.00% 10/01/23 2.73% 118.01 114.87
7 BUCKS CNTY PA INDL DE 3.00% 08/15/50 2.62% 96.56 94.09
8 SAN FRANCISCO WTR-BAB 6.95% 11/01/50 2.59% 160.85 156.79
9 UTAH ST TRANSIT AUTH 3.39% 12/15/36 2.36% 104.08 101.68
10 SAN FRANCISCO CA BAY 4.00% 07/01/35 2.32% 114.81 112.21
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 OR GOVTS-B-PENSION OB 6.85% 06/01/28 -5.10% 120.90 127.39
2 CHICAGO BOE-BAB-TXB 6.04% 12/01/29 -4.85% 101.22 106.38
3 GTR JASPER SCH-CAB 0.00% 07/15/24 -4.02% 86.36 89.98
4 PR COMWLTH-IMPT-A 5.00% 07/01/27 -4.01% 73.07 76.13
5 UNIV TX 5.26% 07/01/39 -3.69% 129.45 134.41
6 ANAHEIM REDEV-REF-B 6.51% 02/01/31 -3.51% 116.02 120.24
7 MET PIER 0.00% 06/15/26 -3.32% 83.11 85.96
8 CHICAGO BOE CAB-B-1 0.00% 12/01/28 -3.15% 75.86 78.32
9 E-470 PUB HWY AUTH 0.00% 09/01/29 -2.81% 78.71 80.98
10 UNIV DELAWARE-BABS 5.87% 11/01/40 -2.50% 129.77 133.09
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 11/29/19 - 12/6/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 NC -34 bps 1.77% 2.10%
2 HI -25 bps 1.82% 2.08%
3 ME -23 bps 1.87% 2.10%
4 CT -18 bps 2.28% 2.47%
5 FL -14 bps 1.93% 2.08%
6 MI -14 bps 2.56% 2.69%
7 VA -13 bps 1.67% 1.80%
8 SC -12 bps 2.15% 2.27%
9 AL -11 bps 1.98% 2.09%
10 CO -11 bps 2.14% 2.25%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 IL 39 bps 3.31% 2.91%
2 NV 34 bps 2.17% 1.82%
3 MS 29 bps 2.36% 2.07%
4 OH 23 bps 2.34% 2.11%
5 NE 22 bps 2.08% 1.86%
6 KS 18 bps 2.41% 2.23%
7 AZ 14 bps 3.15% 3.01%
8 OR 8 bps 2.10% 2.02%
9 PA 6 bps 2.38% 2.32%
10 WI 3 bps 2.38% 2.34%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 11/29/19 - 12/6/19

 

 
  • Displays the average Muni 10 year yield by state between 11/29/19 - 12/6/19 (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 11/29/19 - 12/6/19 (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 11/29/19 - 12/6/19 (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 11/29/19 - 12/6/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

 INCREASE % INCREASE
1 FL ST HGR EDU 5.00% 10/01/35 8 40 32 400%
2 GWINNETT CO 5.00% 08/01/28 27 52 25 93%
3 SANTA FE SPRINGS DEV 2.25% 09/01/24 2 25 23 1150%
4 LAS VEGAS VY WTR-B-RF 3.91% 06/01/20 3 25 22 733%
5 OHIO ST-C 5.00% 03/01/24 5 27 22 440%
6 NEW YORK NY-B-1 3.00% 10/01/44 26 47 21 81%
7 COOK CO SD#149-A-TXBL 4.50% 12/01/25 4 25 21 525%
8 CALIFORNIA HLTH FA 5.00% 11/15/35 13 34 21 162%
9 NIV SYS OF MD 5.00% 04/01/29 5 25 20 400%
10 MD DEPT OF TRANSPRTN 5.00% 10/01/28 15 34 19 127%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 11/29/19 vs. the week ending 12/6/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 ILLINOIS FIN AUTH 5.00% 12/01/26 13
2 CHARLOTTE-B 5.00% 07/01/27 12
3 RESTRUCTURED-SER A-2 4.33% 07/01/40 12
4 MN ST-A 5.00% 08/01/26 12
5 PR SALES TAX FING-A1 0.00% 07/01/51 11
6 GWINNETT CO 5.00% 08/01/28 11
7 NY ST THRUWAY AUTH-B 4.00% 01/01/40 11
8 DIST OF COLUMBIA INCO 5.00% 03/01/31 11
9 TRIBOROUGH BRIDGE-C 4.00% 11/15/43 11
10 NEW YORK NY-B-1 3.00% 10/01/44 11
  • Ranks the Munis that were quoted by the highest number of dealers between 11/29/19 - 12/6/19

 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.

 
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