Municipal Bond Market Summary – Week Ending 7/10/20
GET OUR MUNICIPAL BOND MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Municipal Bond Market Summary: Week Ending 7/10/20
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 7/2/20 – 7/10/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | PHOENIX INDL DEV AUTH | 5.00% | 07/01/59 | 6.39% | 107.09 | 100.66 |
| 2 | MONTEBELLO -REV -TXBL | 3.39% | 06/01/32 | 5.72% | 108.89 | 103.00 |
| 3 | GAINESVILLE | 6.02% | 10/01/40 | 5.15% | 152.77 | 145.29 |
| 4 | NYC SER G-1 | 5.60% | 03/01/26 | 4.31% | 124.28 | 119.15 |
| 5 | PORT OF SEATTLE-C | 5.00% | 05/01/32 | 4.24% | 119.92 | 115.04 |
| 6 | NEW YORK ST DORM AUTH | 4.85% | 07/01/48 | 3.83% | 116.41 | 112.12 |
| 7 | UNIV OF N TEXAS TX | 2.90% | 04/15/40 | 3.41% | 103.41 | 100.00 |
| 8 | MONTEBELLO -REV -TXBL | 3.24% | 06/01/30 | 3.28% | 107.09 | 103.69 |
| 9 | NEW JERSEY ST TURNPIK | 4.00% | 01/01/33 | 3.20% | 114.51 | 110.96 |
| 10 | PA HGR EDU FACS | 3.00% | 06/15/45 | 3.19% | 103.40 | 100.21 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 7/2/20 – 7/10/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | HARRIS CO MUD #495 | 2.63% | 09/01/50 | -2.67% | 98.99 | 101.70 |
| 2 | MTA-A1-TRANSPRTN | 5.00% | 11/15/23 | -2.55% | 105.99 | 108.77 |
| 3 | DELAWARE-A | 5.00% | 02/01/27 | -2.25% | 127.78 | 130.72 |
| 4 | PHOENIX IMPT-CAP-BHAC | 5.50% | 07/01/41 | -2.22% | 143.21 | 146.47 |
| 5 | NYC IDA YANKEE STADI | 0.00% | 03/01/40 | -1.88% | 55.21 | 56.27 |
| 6 | W CONTRA COSTA USD-D | 3.50% | 08/01/46 | -1.68% | 109.26 | 111.12 |
| 7 | BEXAR CNTY TX REV-REF | 5.00% | 08/15/25 | -1.62% | 118.48 | 120.43 |
| 8 | NY DORM AUTH-A-TXBL-N | 3.36% | 07/01/24 | -1.35% | 102.22 | 103.62 |
| 9 | MONTGOMERY CNTY OH HO | 5.00% | 11/15/34 | -1.17% | 120.02 | 121.44 |
| 10 | IOWA CITY CMNTY SD | 5.00% | 06/01/28 | -1.11% | 130.62 | 132.09 |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/2/20 – 7/10/20 (General Obligation and Revenue Bonds) Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 7/2/20 – 7/10/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | TN | -28 bps | 1.22% | 1.50% |
| 2 | LA | -27 bps | 1.41% | 1.68% |
| 3 | HI | -23 bps | 1.19% | 1.42% |
| 4 | MS | -15 bps | 1.50% | 1.65% |
| 5 | NM | -14 bps | 1.42% | 1.56% |
| 6 | CT | -14 bps | 1.84% | 1.98% |
| 7 | MN | -11 bps | 1.31% | 1.42% |
| 8 | OR | -11 bps | 1.58% | 1.69% |
| 9 | KS | -10 bps | 1.60% | 1.70% |
| 10 | IL | -10 bps | 2.52% | 2.61% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 7/2/20 – 7/10/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | AL | 52 bps | 1.93% | 1.40% |
| 2 | MO | 43 bps | 2.25% | 1.82% |
| 3 | AZ | 41 bps | 1.98% | 1.57% |
| 4 | MT | 33 bps | 1.57% | 1.24% |
| 5 | CO | 30 bps | 2.01% | 1.71% |
| 6 | SC | 23 bps | 1.77% | 1.54% |
| 7 | TX | 20 bps | 1.76% | 1.56% |
| 8 | MA | 19 bps | 1.66% | 1.48% |
| 9 | NE | 18 bps | 1.61% | 1.43% |
| 10 | IA | 13 bps | 1.39% | 1.27% |
10 Year Yield by State – GO Only
Displays the average Muni 10 year yield by state between 7/2/20 – 7/10/20 (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 7/2/20 – 7/10/20 (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 7/2/20 – 7/10/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/2/20 vs. the week ending 7/10/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | NEW YORK ST URBAN DEV | 4.00% | 03/15/49 | 62 | 107 | 45 | 73% |
| 2 | CHATTANOOGA TN HLTH | 4.00% | 08/01/44 | 11 | 53 | 42 | 382% |
| 3 | WEST VIRGINIA ST -A | 5.00% | 12/01/35 | 5 | 45 | 40 | 800% |
| 4 | FARMVILLE TWN INDL-A | 5.00% | 01/01/59 | 10 | 49 | 39 | 390% |
| 5 | NEW YORK CITY NY HSG | 3.05% | 05/01/50 | 10 | 43 | 33 | 330% |
| 6 | NJ ECON DEV AUTH-A | 5.00% | 01/01/24 | 5 | 37 | 32 | 640% |
| 7 | CENTRL EXPRESSWAY | 5.00% | 07/01/37 | 18 | 50 | 32 | 178% |
| 8 | INDIANAPOLIS LOC-A1 | 5.00% | 01/01/28 | 24 | 55 | 31 | 129% |
| 9 | YELLOWSTONE CO SD 26 | 5.00% | 07/01/37 | 20 | 50 | 30 | 150% |
| 10 | FORT LAUDERDALE FL -B | 3.00% | 07/01/49 | 4 | 33 | 29 | 725% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/2/20 – 7/10/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | NEW YORK CITY NY MUNI | 4.00% | 06/15/41 | 42 |
| 2 | NEW YORK CITY NY MUNI | 4.00% | 06/15/50 | 37 |
| 3 | HOUSTON UTL SYS-C-REF | 4.00% | 11/15/36 | 32 |
| 4 | CA UNIV REVENUE-A-REF | 5.00% | 11/01/47 | 31 |
| 5 | DALLAS TX WTRWKS &SWR | 4.00% | 10/01/39 | 31 |
| 6 | NEW YORK CITY NY MUNI | 5.00% | 06/15/41 | 31 |
| 7 | DALLAS TX WTRWKS &SWR | 4.00% | 10/01/40 | 31 |
| 8 | HOUSTON UTL SYS-C-REF | 4.00% | 11/15/37 | 31 |
| 9 | TRIBOROUGH BRIDGE & T | 4.00% | 11/15/54 | 30 |
| 10 | NYC TRANSITIONAL FIN | 4.00% | 05/01/40 | 29 |
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.
