GET OUR MUNICIPAL BOND MARKET SUMMARIES STRAIGHT TO YOUR INBOX.  LEARN MORE

Municipal Bond Market Summary:
Week Ending 5/1/20

Our weekly newsletter presents key trends derived from observable Municipal Bond pricing data over a weekly period.

Quick Links

Muni Winners/Losers
State Winners/Losers
10 Yr Yld – All
10 Yr Yld – GO
10 Yr Yld – Rev
Sentiment
Top Movers
Most Quoted Munis

Top 10 Winners

Showcases the top 10 Muni Bond “Winners” based on price movements between 4/24/20 – 5/1/20

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 WALNUT VY USD CAB-E 0.00% 08/01/28 14.06% 85.36 74.84
2 BIRMINGHAM-A-REF 5.00% 12/01/30 12.13% 124.76 111.26
3 SILICON VY TOB-CAB-A 0.00% 06/01/47 11.64% 19.21 17.21
4 IRVINE USD DIST #09-1 4.00% 09/01/49 8.39% 105.68 97.50
5 PA HGR EDU FACS 5.00% 06/15/29 7.36% 116.98 108.95
6 GRAND RIVER DAM-A-REF 4.00% 06/01/25 7.31% 111.64 104.03
7 LOS ANGELES CNTY CA P 5.00% 12/01/44 7.21% 116.97 109.11
8 PORT AUTH NY & NJ-175 3.00% 12/01/31 7.11% 101.23 94.51
9 E LANSING SD-I-BLDG 4.00% 05/01/24 7.02% 109.05 101.90
10 MCKINNEY 5.00% 08/15/23 6.95% 112.39 105.09

Top 10 Losers

Showcases the top 10 Muni Bond “Losers” based on price movements between 4/24/20 – 5/1/20

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 PA TURNPIKE COMMN 5.00% 12/01/38 -7.93% 111.91 121.55
2 CALIFORNIA STWD CMNTY 5.00% 08/01/35 -7.62% 111.90 121.14
3 PR ELEC SER TT 5.00% 07/01/37 -7.46% 58.07 62.75
4 SAN FRANCISCO ARPT 20 4.00% 05/01/50 -7.38% 104.78 113.12
5 MET PIER EXPO-UNREF 5.70% 06/15/23 -7.08% 107.85 116.08
6 WI HEALTH & EDUCATION 5.00% 04/01/26 -6.96% 113.42 121.90
7 PALM BEACH HLTH-REF 3.00% 11/15/28 -6.70% 85.67 91.82
8 MICHIGAN ST FIN AUTH 2.83% 12/01/28 -6.65% 99.93 107.05
9 PORT AUTH OF NEW YORK 5.00% 09/01/29 -6.52% 120.76 129.19
10 LNG IS PWR ELEC GEN-C 5.25% 09/01/29 -6.49% 123.94 132.54

Top 10 State Winners

Showcases the top 10 Muni State “Winners” based on yield movements between 4/24/20 – 5/1/20

RANK STATE CHANGE YLD YLD-1W
1 HI -48 bps 1.87% 2.35%
2 MO -21 bps 2.08% 2.29%
3 NE -20 bps 1.96% 2.16%
4 VA -13 bps 1.87% 2.00%
5 CO -9 bps 1.97% 2.06%
6 LA -8 bps 2.36% 2.44%
7 OH -6 bps 2.69% 2.75%
8 RI -5 bps 2.20% 2.25%
9 MS 1 bps 2.36% 2.35%
10 WV 1 bps 2.06% 2.04%

Top 10 State Losers

Showcases the top 10 Muni State “Losers” based on yield movements between 4/24/20 – 5/1/20

RANK STATE CHANGE YLD YLD-1W
1 NJ 37 bps 2.42% 2.05%
2 CT 25 bps 2.79% 2.54%
3 NV 25 bps 2.56% 2.31%
4 IA 25 bps 2.02% 1.77%
5 MA 24 bps 2.27% 2.03%
6 DC 23 bps 2.17% 1.95%
7 TN 22 bps 1.92% 1.70%
8 GA 22 bps 2.06% 1.84%
9 KS 22 bps 2.20% 1.98%
10 ME 21 bps 1.86% 1.65%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 4/24/20 – 5/1/20 (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 4/24/20 – 5/1/20 (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 - Go

10 Year Yield by State – Rev

Displays the average Muni 10 year yield by state between 4/24/20 – 5/1/20 (Revenue 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

Sentiment

Reveals the percent of Muni bonds increasing in price (Advancers) vs. decreasing in price (Decliners) between 4/24/20 – 5/1/20

Muni Market Sentiment - Advancers vs. Decliners

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 4/24/20 vs. the week ending 5/1/20

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 TAMPA ETC EXWY-B-REF 4.00% 07/01/42 7 102 95 1357%
2 MANSFIELD ISD 5.00% 02/15/47 9 69 60 667%
3 NEW JERSEY ST TRANSPR 5.00% 06/15/44 84 140 56 67%
4 NEW JERSEY ST ECON DE 5.50% 06/15/29 30 84 54 180%
5 NEW JERSEY ST ECON DE 5.50% 06/15/31 30 80 50 167%
6 WASHINGTON ST CONVENT 4.00% 07/01/58 8 57 49 613%
7 UTAH ST BRD OF RGTS 5.00% 08/01/26 12 59 47 392%
8 NAPA VLY UNIF SD 4.00% 08/01/44 14 59 45 321%
9 SEATTLE LGHT&PWR-REF 4.00% 09/01/44 2 43 41 2050%
10 WASHINGTON-R-2016C 5.00% 07/01/31 44 84 40 91%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 4/24/20 – 5/1/20

RANK TRANCHE COUPON MATURITY DEALERS
1 MULTNOMAH CO SD #1J 5.00% 06/15/29 29
2 HAWAII ST 5.00% 10/01/29 28
3 NEW JERSEY ST TRANSPR 5.00% 06/15/44 28
4 CALIFORNIA ST 5.00% 03/01/33 27
5 TAMPA ETC EXWY-B-REF 4.00% 07/01/42 26
6 COLLIN CNTY TX CMNTY 3.00% 08/15/40 26
7 CALIFORNIA ST 4.00% 03/01/40 25
8 COLUMBUS OH 5.00% 04/01/33 25
9 LOVE FIELD ARPT-SW AI 5.25% 11/01/40 25
10 CALIFORNIA ST 4.00% 03/01/37 25

Stay up-to-date with weekly summaries.

Read the latest from our team

Syndicated Bank Loan Market Summary
Week ending 7/2/20
Read More >

Solve News Flash: Solve Data Featured in April 22 WSJ article, “The Bonds The Fed Left Behind…”
Read More

See more market insights and news from Solve in our Market Pulse.

SEE MORE