Solve Advisors Municipal Bond Market Summaries

Municipal Bond Market Summary - Week Ending 3/27/20

Written by Michael Pellerito | Mar 30, 2020 3:12:48 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 SALES TAX FING-A1 0.00% 07/01/46 39.70% 25.08 17.95
2 OCEANSIDE USD-CABS-B 0.00% 08/01/39 22.48% 61.40 50.13
3 ANAHEIM FING-C-PREREF 0.00% 09/01/35 22.33% 72.10 58.94
4 ESCONDIDO HSD-C-CABS 0.00% 08/01/41 15.48% 54.10 46.84
5 CLARK CO 5.00% 07/01/32 13.85% 123.39 108.38
6 CONNECTICUT ST-A 5.00% 04/15/29 13.42% 128.16 113.00
7 CHILDRENS TR FD-B 0.00% 05/15/55 12.14% 6.45 5.75
8 NY ST URBAN DEV -C-2 5.00% 03/15/36 12.07% 123.36 110.07
9 S SAN FRANCISCO PUB-A 4.00% 06/01/39 11.44% 114.78 102.99
10 ST TAMMANY HOSP-A-REF 4.00% 07/01/43 11.13% 114.12 102.69
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 ILLINOIS ST 5.00% 10/01/28 -25.46% 93.91 125.98
2 NORTH CAROLINA ST TUR 5.00% 01/01/34 -15.95% 107.32 127.68
3 NY ST URBAN DEV -C-2 5.00% 03/15/28 -14.98% 110.48 129.94
4 MASSACHUSETTS ST DEV 5.00% 07/01/31 -14.81% 117.86 138.34
5 LOUISIANA ST-A 5.00% 03/01/28 -13.54% 111.92 129.45
6 NYC TRANS FIN AUTH-C1 5.00% 11/01/32 -13.25% 115.32 132.94
7 BOULDER ETC SD #RE1J 5.00% 12/15/27 -13.15% 109.92 126.56
8 LOS ANGELES DEPT ARPT 5.00% 05/15/44 -12.71% 110.85 126.98
9 CHESTERFIELD ECON DEV 4.00% 04/01/31 -12.66% 105.17 120.42
10 DALLAS TX AREA RAPID 4.00% 12/01/37 -12.60% 106.03 121.32
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 3/20/20 - 3/27/20
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 DC -128 bps 1.77% 3.05%
2 ME -113 bps 1.63% 2.76%
3 FL -113 bps 1.97% 3.10%
4 NV -110 bps 2.14% 3.24%
5 WA -109 bps 1.94% 3.03%
6 MS -108 bps 1.90% 2.99%
7 SC -108 bps 1.91% 2.99%
8 GA -102 bps 1.88% 2.90%
9 MD -101 bps 1.76% 2.77%
10 OR -96 bps 1.97% 2.93%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 WI -17 bps 2.68% 2.85%
2 MO -35 bps 2.46% 2.81%
3 IL -38 bps 3.04% 3.42%
4 AL -39 bps 2.23% 2.62%
5 NM -46 bps 2.27% 2.73%
6 IN -55 bps 2.43% 2.98%
7 NY -64 bps 2.41% 3.05%
8 NC -67 bps 1.87% 2.54%
9 CO -67 bps 1.98% 2.66%
10 IA -68 bps 2.00% 2.69%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 3/20/20 - 3/27/20

 

 
  • Displays the average Muni 10 year yield by state between 3/20/20 - 3/27/20 (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 3/20/20 - 3/27/20 (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 3/20/20 - 3/27/20 (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 3/20/20 - 3/27/20
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

 INCREASE % INCREASE
1 NEW YORK CITY NY TRAN 3.00% 11/01/47 4 41 37 925%
2 KATY TX ISD-D-REF 5.00% 02/15/32 29 65 36 124%
3 N TX TOLLWAY-D 5.00% 09/01/31 2 38 36 1800%
4 DALLAS FT WORTH ARPT 5.00% 11/01/45 27 63 36 133%
5 CHICAGO-C-PREREFUNDED 5.00% 01/01/22 6 40 34 567%
6 MASSACHUSETTS ST-E 5.00% 08/01/24 6 40 34 567%
7 SAN BERNARDINO CMNTY 4.00% 08/01/49 27 60 33 122%
8 UT TRANSIT AUTH-PRERF 5.00% 06/15/42 8 40 32 400%
9 NEW YORK NY-B-1 5.00% 10/01/36 8 40 32 400%
10 NY DORM AUTH-A-PREREF 5.00% 11/01/40 8 40 32 400%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 3/20/20 vs. the week ending 3/27/20
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 NY TRNSPRTN DEV-AMT 5.00% 01/01/27 16
5 NEW YORK CITY NY MUNI 4.00% 06/15/41 16
6 SAN BERNARDINO CMNTY 4.00% 08/01/49 15
7 CALIFORNIA ST PUBLIC 5.00% 10/01/29 14
8 NY TRNSPRTN DEV-AMT 5.00% 01/01/29 14
9 DALLAS FT WORTH ARPT 5.00% 11/01/45 13
10 MET TRANSPRTN -A-1 4.00% 11/15/51 13
  • Ranks the Munis that were quoted by the highest number of dealers between 3/20/20 - 3/27/20

 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.

 
View full post