Solve Advisors Municipal Bond Market Summaries

Municipal Bond Market Summary - Week Ending 3/20/20

Written by Michael Pellerito | Mar 23, 2020 2:47:19 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 W TRAVIS PUB UTIL 5.00% 08/15/31 5.91% 128.44 121.27
2 CALIFORNIA ST UNIV-B 2.36% 11/01/31 4.50% 105.98 101.42
3 GA HGR EDU FACS AUTH 3.00% 06/15/38 4.06% 105.18 101.07
4 HENNEPIN CO-A 5.00% 12/01/32 3.65% 128.70 124.17
5 ANTELOPE VLY CA CCD 2.82% 08/01/38 3.03% 104.63 101.55
6 ORANGE CNTY TRANSN-A 6.91% 02/15/41 2.98% 155.75 151.25
7 ILLINOIS ST 5.00% 05/01/28 2.68% 127.59 124.26
8 N TX HWY CABS-REF-1ST 0.00% 01/01/37 2.55% 71.62 69.84
9 SALES TAX SECURITIZAT 5.00% 01/01/37 2.37% 130.12 127.11
10 SC PUB SVC AUTH-A-REF 5.00% 12/01/25 1.96% 115.42 113.20
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 PR SALES TAX FING-A1 0.00% 07/01/46 -31.70% 17.95 26.29
2 CAPITAL TRST AGY-A 7.00% 10/01/49 -29.19% 72.11 101.85
3 CHICAGO CAB-CITY CLGS 0.00% 01/01/34 -19.25% 56.24 69.65
4 ANAHEIM FING-C-UNREFD 0.00% 09/01/35 -19.16% 58.79 72.72
5 MIAMI SPL OBLIG-CABS 0.00% 10/01/42 -18.26% 42.81 52.37
6 EL MONTE SD-B-CABS 0.00% 08/01/41 -18.02% 45.51 55.51
7 E-470 HWY-CABS 0.00% 09/01/41 -17.23% 40.85 49.35
8 MANCHESTER TWN-A 2.13% 02/01/38 -16.42% 85.14 101.86
9 AMERN MUN PWR-C 6.05% 02/15/43 -16.37% 122.90 146.95
10 CHILDRENS TR FD-A 0.00% 05/15/50 -16.34% 12.57 15.02
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 3/13/20 - 3/20/20
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 AZ 2 bps 2.87% 2.84%
2 IN 36 bps 2.98% 2.62%
3 AL 44 bps 2.62% 2.18%
4 NC 49 bps 2.51% 2.02%
5 CO 50 bps 2.59% 2.09%
6 RI 50 bps 2.57% 2.07%
7 OR 52 bps 2.91% 2.39%
8 ME 53 bps 2.71% 2.18%
9 NJ 55 bps 2.90% 2.35%
10 KY 56 bps 2.71% 2.16%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 DE 115 bps 3.04% 1.89%
2 NV 110 bps 3.24% 2.14%
3 AR 103 bps 3.16% 2.12%
4 WV 88 bps 2.93% 2.06%
5 SC 85 bps 3.01% 2.15%
6 WI 85 bps 2.85% 2.00%
7 NY 80 bps 3.07% 2.27%
8 VA 79 bps 2.69% 1.89%
9 WA 77 bps 3.02% 2.25%
10 DC 75 bps 2.94% 2.19%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 3/13/20 - 3/20/20

 

 
  • Displays the average Muni 10 year yield by state between 3/13/20 - 3/20/20 (General Obligation and Revenue Bonds)
    • Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories

 

  • Displays the average Muni 10 year yield by state between 3/13/20 - 3/20/20 (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 3/13/20 - 3/20/20 (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 3/13/20 - 3/20/20
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

 INCREASE % INCREASE
1 HAWAII ST 5.00% 01/01/30 15 72 57 380%
2 DALLAS ISD-A-REF 5.00% 08/15/32 11 60 49 445%
3 SC PUB SVC AUTH-A 5.00% 12/01/49 15 49 34 227%
4 ROSEMOUNT ISD #196-A 5.00% 02/01/23 5 39 34 680%
5 PHOENIX CIVIC IMPT 5.00% 07/01/44 7 40 33 471%
6 MASSACHUSETTS ST 5.00% 10/01/25 10 39 29 290%
7 WISCONSIN ST HLTH & E 4.00% 11/15/43 6 35 29 483%
8 COLORADO ST HLTH FACS 4.00% 01/01/40 5 34 29 580%
9 HOUSTON TX CMNTY CLG 4.00% 02/15/36 6 35 29 483%
10 PORT AUTH OF NEW YORK 5.00% 11/01/36 7 35 28 400%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 3/13/20 vs. the week ending 3/20/20
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 HAWAII ST 5.00% 01/01/30 21
2 NY TRNSPRTN DEV-AMT 5.00% 01/01/33 17
3 NY TRNSPRTN DEV-AMT 5.00% 01/01/31 16
4 NEW YORK CITY NY MUNI 4.00% 06/15/41 16
5 NY TRNSPRTN DEV-AMT 5.00% 01/01/27 16
6 SAN BERNARDINO CMNTY 4.00% 08/01/49 15
7 TX TRANSPRTN COMM 5.00% 08/15/39 15
8 NY TRNSPRTN DEV-AMT 5.00% 01/01/24 15
9 DASNY-A-SALESTAX 5.00% 03/15/32 14
10 SALT LAKE CITY ARPT-A 5.00% 07/01/43 14
  • Ranks the Munis that were quoted by the highest number of dealers between 3/13/20 - 3/20/20

 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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