Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 2/21/20

Michael Pellerito, February 24, 2020

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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 NY CONVENTN CTR-B-AGM 0.00% 11/15/48 6.36% 48.61 45.70
2 W HARRIS CNTY TX REGL 3.00% 12/15/58 3.73% 105.44 101.65
3 PORT AUTH-174TH 4.46% 10/01/62 3.62% 137.96 133.14
4 BALDWIN PK SCH-QSCB 7.00% 06/01/27 3.37% 128.59 124.41
5 SC PUB SVC AUTH-C-TXB 5.78% 12/01/41 3.36% 133.80 129.46
6 KERMAN USD-CABS-2008 0.00% 08/01/42 3.20% 56.33 54.58
7 OHIO-A-REF-ADMIN BLDG 5.00% 10/01/24 3.14% 111.61 108.21
8 BEAUMONT USD-C-CABS 0.00% 08/01/44 2.84% 50.77 49.36
9 METRO TRANSP AUTH-A1 5.25% 11/15/56 2.76% 121.13 117.88
10 COLORADO ST HLTH FACS 3.80% 11/01/44 2.51% 109.06 106.39
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 PINAL CNTY AZ INDL DE 7.25% 10/01/33 -4.65% 102.23 107.22
2 PR HWY/TRN-L-REF-AGC 5.25% 07/01/41 -3.05% 114.25 117.84
3 DASNY -REV - F 3.19% 02/15/43 -2.69% 104.82 107.71
4 SAN FRAN PT COMM-TXBL 7.41% 03/01/30 -2.35% 100.45 102.88
5 MASSACHUSETTS ST DEV 5.00% 07/01/42 -1.77% 113.29 115.33
6 PR HWY/TRN-CC-AGM 5.50% 07/01/30 -1.37% 116.44 118.05
7 TN SCH BD AUTH-QSCB 1.52% 09/15/26 -0.97% 95.98 96.92
8 DASNY-GROUP2-SER1-REV 3.00% 07/01/34 -0.94% 109.49 110.54
9 PA HSG FIN AGY-A 3.50% 04/01/49 -0.87% 107.75 108.69
10 PHILADELPHIA GAS-REF 4.00% 10/01/37 -0.86% 111.63 112.60
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 2/14/20 - 2/21/20
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 NH -37 bps 1.57% 1.94%
2 WI -30 bps 1.57% 1.87%
3 MD -29 bps 1.51% 1.80%
4 MO -27 bps 1.61% 1.88%
5 KS -24 bps 2.11% 2.35%
6 CT -21 bps 1.95% 2.16%
7 NY -21 bps 1.81% 2.02%
8 DE -21 bps 1.56% 1.76%
9 SC -19 bps 1.64% 1.83%
10 UT -16 bps 1.41% 1.57%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 WA 20 bps 1.93% 1.72%
2 OR 17 bps 1.91% 1.74%
3 NV 15 bps 1.84% 1.69%
4 MT 15 bps 1.72% 1.58%
5 AL 6 bps 1.96% 1.89%
6 MS 5 bps 1.91% 1.85%
7 DC 3 bps 1.79% 1.75%
8 AR 2 bps 1.95% 1.93%
9 GA 1 bps 1.75% 1.74%
10 CA 1 bps 1.85% 1.84%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 2/14/20 - 2/21/20

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 2/14/20 - 2/21/20 (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 2/14/20 - 2/21/20 (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 2/14/20 - 2/21/20 (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 2/14/20 - 2/21/20
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 ALAMEDA CORRIDOR-A 5.00% 10/01/24 23 55 32 139%
2 COLUMBIA -A -WTR SWR 5.00% 02/01/49 21 49 28 133%
3 WASHINGTON ST 5.00% 08/01/29 21 46 25 119%
4 MASSACHUSETTS ST DEV 5.00% 10/01/26 6 31 25 417%
5 SAN ANTONIO -REV 5.00% 02/01/41 7 31 24 343%
6 AR RIVER PWR AUTH-REF 5.00% 10/01/33 22 44 22 100%
7 S JERSEY PORT-B-AMT 5.00% 01/01/48 7 28 21 300%
8 WASHINGTON CNTY-B 3.00% 06/01/31 20 41 21 105%
9 NYS DORM AUTH-B-GRP C 5.00% 02/15/37 5 25 20 400%
10 SEATTLE -REV -A 5.00% 04/01/34 7 27 20 286%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 2/14/20 vs. the week ending 2/21/20
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 MA DEV FIN AGY -A-1 5.00% 07/01/50 18
2 WALLER ISD 4.00% 02/15/44 17
3 COLUMBIA -A -WTR SWR 5.00% 02/01/49 16
4 SALT RIVER AZ PROJ AG 5.00% 01/01/47 16
5 ILLINOIS ST-D 5.00% 11/01/26 14
6 MET NASHVILLE TN ARPT 4.00% 07/01/49 13
7 HARRIS CO FLOOD-REF 5.00% 10/01/26 13
8 DASNY-A-GROUP 2-REF 5.00% 03/15/28 12
9 MECKLENBURG CNTY NC 4.00% 03/01/32 12
10 CHARLES CNTY 4.00% 10/01/32 12
  • Ranks the Munis that were quoted by the highest number of dealers between 2/14/20 - 2/21/20

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