Municipal Bond Market Summary – Week Ending 11/6/20
GET OUR MUNICIPAL BOND MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Municipal Bond Market Summary: Week Ending 11/6/20
Our newsletter presents key trends derived from observable Municipal Bond pricing data over a weekly period.
Top 10 Winners
Showcases the top 10 Muni Bond “Winners” based on price movements between 10/30/20 – 11/6/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | PR COMWLTH REF-IMPT | 5.00% | 07/01/26 | 4.61% | 67.13 | 64.17 |
| 2 | GENESEE CO-A-REV | 5.00% | 06/01/29 | 4.19% | 131.45 | 126.16 |
| 3 | REDONDO BEACH UNIF SD | 2.11% | 08/01/35 | 3.39% | 99.29 | 96.03 |
| 4 | ESSEX CO | 2.13% | 09/01/49 | 2.76% | 98.96 | 96.30 |
| 5 | FOWLER SD-CABS-2004-C | 0.00% | 08/01/40 | 2.70% | 62.08 | 60.45 |
| 6 | NYC TRANSITIONAL FIN | 1.35% | 05/01/27 | 2.68% | 101.33 | 98.68 |
| 7 | CO HLTH FACS AUTH-A | 5.50% | 11/01/37 | 2.58% | 80.97 | 78.94 |
| 8 | NEVADA ST-A-REF | 2.00% | 05/01/37 | 2.38% | 99.75 | 97.43 |
| 9 | COLTON SD ELECTION-C | 0.00% | 02/01/38 | 2.30% | 65.45 | 63.98 |
| 10 | BOLINGBROOK-A-REF | 2.57% | 01/01/36 | 2.20% | 102.84 | 100.62 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 10/30/20 – 11/6/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | NEW YORK CITY TRANS | 3.90% | 05/01/31 | -2.80% | 111.58 | 114.79 |
| 2 | PRAIRIELANDS PUB FAC | 7.10% | 12/01/37 | -2.75% | 71.22 | 73.24 |
| 3 | HIGHER EDUCTNL FACS-B | 2.59% | 12/01/29 | -2.62% | 100.78 | 103.50 |
| 4 | MONTGOMERY CO INDL-C | 4.00% | 11/15/43 | -2.48% | 106.63 | 109.34 |
| 5 | ILLINOIS ST-REF | 5.00% | 02/01/29 | -2.36% | 106.67 | 109.24 |
| 6 | UT BLDG LEASE SER E | 5.77% | 05/15/30 | -2.35% | 127.52 | 130.59 |
| 7 | FRESNO FING-B-REF | 4.16% | 04/01/31 | -2.23% | 111.79 | 114.35 |
| 8 | BURLINGTON | 2.00% | 08/01/38 | -1.97% | 96.60 | 98.55 |
| 9 | FRANKLIN IN REDEV | 5.00% | 07/15/39 | -1.97% | 119.50 | 121.90 |
| 10 | CLEMSON UNIV-B-HGR | 2.75% | 05/01/28 | -1.89% | 106.58 | 108.63 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 10/30/20 – 11/6/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | IN | -79 bps | 1.82% | 2.61% |
| 2 | AL | -31 bps | 1.26% | 1.57% |
| 3 | MD | -29 bps | 1.53% | 1.82% |
| 4 | WV | -28 bps | 1.21% | 1.49% |
| 5 | AR | -26 bps | 1.68% | 1.94% |
| 6 | UT | -22 bps | 1.21% | 1.43% |
| 7 | MN | -22 bps | 1.65% | 1.87% |
| 8 | VA | -20 bps | 1.36% | 1.56% |
| 9 | WA | -17 bps | 1.47% | 1.64% |
| 10 | DC | -17 bps | 1.36% | 1.54% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 10/30/20 – 11/6/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | KS | 40 bps | 2.30% | 1.89% |
| 2 | LA | 35 bps | 1.90% | 1.55% |
| 3 | IL | 29 bps | 3.27% | 2.98% |
| 4 | CT | 26 bps | 2.09% | 1.83% |
| 5 | AK | 11 bps | 1.67% | 1.56% |
| 6 | OH | 11 bps | 2.08% | 1.98% |
| 7 | MS | 7 bps | 1.43% | 1.36% |
| 8 | MA | 6 bps | 1.72% | 1.67% |
| 9 | FL | 5 bps | 1.42% | 1.37% |
| 10 | NY | 5 bps | 1.69% | 1.64% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 10/30/20 – 11/6/20 (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 Year Yield by State – GO Only
Displays the average Muni 10 year yield by state between 10/30/20 – 11/6/20 (General Obligation Bonds only) Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
10 Year Yield by State – Rev Only
Displays the average Muni 10 year yield by state between 10/30/20 – 11/6/20 (Revenue Bonds only) Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
Sentiment
Reveals the percent of Muni bonds increasing in price (advancers) vs. decreasing in price (decliners) between 10/30/20 – 11/6/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 10/30/20 vs. the week ending 11/6/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | CYPRESS FAIRBANKS ISD | 2.25% | 02/15/45 | 12 | 115 | 103 | 858% |
| 2 | CYPRESS FAIRBANKS ISD | 3.00% | 02/15/40 | 10 | 98 | 88 | 880% |
| 3 | CYPRESS FAIRBANKS ISD | 2.25% | 02/15/44 | 8 | 85 | 77 | 963% |
| 4 | CYPRESS FAIRBANKS ISD | 3.00% | 02/15/39 | 9 | 74 | 65 | 722% |
| 5 | CYPRESS FAIRBANKS ISD | 2.25% | 02/15/41 | 7 | 66 | 59 | 843% |
| 6 | CYPRESS FAIRBANKS ISD | 2.25% | 02/15/42 | 7 | 66 | 59 | 843% |
| 7 | CYPRESS FAIRBANKS ISD | 3.00% | 02/15/36 | 6 | 55 | 49 | 817% |
| 8 | NEW YORK ST URBAN DEV | 3.00% | 03/15/50 | 31 | 78 | 47 | 152% |
| 9 | FAIRFAX CO | 5.00% | 10/01/33 | 19 | 65 | 46 | 242% |
| 10 | TX WTR DEV BRD-B | 5.00% | 04/15/49 | 52 | 98 | 46 | 88% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 10/30/20 – 11/6/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | TEXAS ST WTR DEV BRD | 4.00% | 04/15/51 | 42 |
| 2 | MISSOURI ST HLTH & ED | 3.00% | 06/01/53 | 34 |
| 3 | TEXAS ST WTR DEV BRD | 4.00% | 10/15/45 | 29 |
| 4 | NEW YORK CITY NY MUNI | 4.00% | 06/15/50 | 29 |
| 5 | MICHIGAN ST BLDG AUTH | 3.00% | 10/15/45 | 28 |
| 6 | NEW YORK CITY NY MUNI | 5.00% | 06/15/50 | 27 |
| 7 | NYC TRANSITIONAL FIN | 4.00% | 11/01/38 | 27 |
| 8 | PENNSYLVANIA CMWLTH | 2.13% | 05/01/40 | 26 |
| 9 | NEW YORK CITY NY TRAN | 4.00% | 05/01/40 | 26 |
| 10 | TX WTR DEV BRD-B | 5.00% | 04/15/49 | 26 |
Stay up-to-date with weekly summaries.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
