Michigan Municipal Bonds Report - November 6, 2009
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Michigan Municipal Bonds had the following activity today across all issues:
1043 total trades
$83,215,000 in total dollar volume
37 trades exceeding $1 million+
The top 10 most active issues of the day were:
| Security Description | Times Traded | Maturity Date | Average Yield | Dollar Volume |
|---|---|---|---|---|
| Detroit Mich Sew Disp Rev Ref-sr Lien-ser C | 40 | 2017-Jul | 4.552 | $2,130,000 |
| Michigan Technological Univ Taxable-ser A-build Amer Bd | 30 | 2039-Oct | 6.466 | $2,415,000+ |
| Northville Mich Charter Twp Taxable-ser B-build Amer Bds | 29 | 2023-Apr | 5.666 | $3,355,000+ |
| Wayne Charter Cnty Mich Bldg Impt-ser A | 18 | 2039-Nov | 6.681 | $16,300,000+ |
| Detroit Mich Sew Disp Rev Second Lien-ser B | 17 | 2029-Jul | 5.499 | $4,790,000+ |
| Detroit Mich Sew Disp Rev Unrefunded Bal-ref-sr-lien-a | 15 | 2032-Jul | 5.403 | $4,185,000+ |
| Michigan St Hosp Fin Auth Rev Ref-hosp-henry Ford Hlth | 14 | 2039-Nov | 5.891 | $360,000 |
| Allegan Cnty Mich Wtr Supply & Sew Disp Sys No 8 | 14 | 2014-May | 2.895 | $500,000 |
| Michigan St Environmental Protn Prog | 12 | 2012-Nov | 3.448 | $1,540,000 |
| Bay City Mich Sch Dist Sch Bldg & Site | 11 | 2022-May | 5.299 | $90,000 |
Among the top 50 most active issues, the highest yielding issues were:
| Security Description | Times Traded | Maturity Date | Average Yield | Dollar Volume |
|---|---|---|---|---|
| Wayne Charter Cnty Mich Bldg Impt-ser A | 18 | 2039-Nov | 6.681 | $16,300,000+ |
| Michigan Technological Univ Taxable-ser A-build Amer Bd | 30 | 2039-Oct | 6.466 | $2,415,000+ |
| Michigan St Hosp Fin Auth Rev Ref-hosp-henry Ford Hlth | 14 | 2039-Nov | 5.891 | $360,000 |
| Northville Mich Charter Twp Taxable-ser B-build Amer Bds | 29 | 2023-Apr | 5.666 | $3,355,000+ |
| Detroit Mich Sew Disp Rev Second Lien-ser B | 17 | 2029-Jul | 5.499 | $4,790,000+ |
| Detroit Mich Sew Disp Rev Unrefunded Bal-ref-sr-lien-a | 15 | 2032-Jul | 5.403 | $4,185,000+ |
| Bay City Mich Sch Dist Sch Bldg & Site | 11 | 2022-May | 5.299 | $90,000 |
| Detroit Mich Sew Disp Rev Ref-sr Lien-ser C | 40 | 2017-Jul | 4.552 | $2,130,000 |
| Michigan St Environmental Protn Prog | 12 | 2012-Nov | 3.448 | $1,540,000 |
| Allegan Cnty Mich Wtr Supply & Sew Disp Sys No 8 | 14 | 2014-May | 2.895 | $500,000 |
The following shows how many trades occurred for each maturity year accompanied by the average yield for that year:
| Maturity Year | Number of Trades | Average Yield | Dollar Volume |
|---|---|---|---|
| 2010 | 17 | 1.960 | $2,485,000+ |
| 2011 | 24 | 1.890 | $1,575,000 |
| 2012 | 31 | 2.930 | $1,675,000 |
| 2013 | 32 | 2.830 | $695,000 |
| 2014 | 40 | 3.213 | $1,745,000 |
| 2015 | 21 | 3.800 | $1,525,000 |
| 2016 | 39 | 3.611 | $1,625,000 |
| 2017 | 38 | 4.448 | $1,480,000 |
| 2018 | 34 | 3.942 | $975,000 |
| 2019 | 28 | 4.479 | $1,145,000 |
| 2020 | 21 | 7.807 | $430,000 |
| 2021 | 16 | 4.191 | $835,000 |
| 2022 | 39 | 4.155 | $635,000 |
| 2023 | 46 | 5.051 | $1,435,000 |
| 2024 | 17 | 4.225 | $315,000 |
| 2025 | 18 | 3.652 | $680,000 |
| 2026 | 16 | 4.478 | $580,000 |
| 2027 | 17 | 3.717 | $865,000 |
| 2028 | 12 | 5.090 | $150,000 |
| 2029 | 23 | 5.173 | $565,000 |
| 2030 | 13 | 5.816 | $335,000 |
| 2031 | 12 | 3.098 | $545,000 |
| 2032 | 17 | 5.264 | $1,735,000+ |
| 2033 | 8 | 4.106 | $100,000 |
| 2034 | 15 | 5.498 | $385,000 |
| 2035 | 6 | 5.247 | $780,000 |
| 2036 | 3 | 5.070 | $75,000 |
| 2038 | 8 | 5.954 | $150,000 |
| 2039 | 56 | 6.408 | $16,945,000+ |
| 2046 | 2 | 6.000 | $130,000 |
| 2047 | 2 | 3.543 | $2,000,000+ |
