Michigan Municipal Bonds Report - November 20, 2009
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Michigan Municipal Bonds had the following activity today across all issues:
964 total trades
$89,380,000 in total dollar volume
41 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 Second Lien-ser B | 27 | 2029-Jul | 5.487 | $2,100,000 |
| Michigan St Hosp Fin Auth Rev Ref-trinity Health Credit-d | 20 | 2025-Aug | 4.785 | $315,000 |
| Detroit Mich Downtown Dev Auth Ref-dev Area No 1 Projs-a | 17 | 2012-Jul | 5.444 | $275,000 |
| Wayne Charter Cnty Mich Arpt Amt-detroit Met Wayne Cnty-a | 15 | 2028-Dec | 6.088 | $170,000 |
| Michigan St Hosp Fin Auth Rev Ref-hosp-henry Ford Hlth | 13 | 2039-Nov | 6.015 | $560,000 |
| Oakland Cnty Mich Ctfs Partn Taxable-retiree Med Benefits | 11 | 2023-Apr | 5.353 | $95,000 |
| Royal Oak Mich Hosp Fin Auth William Beaumont Hosp-ser M | 11 | 2031-Nov | 5.633 | $300,000 |
| Michigan St Bldg Auth Rev Cap Apprec-ref-ser Ia | 10 | 2021-Oct | 5.300 | $655,000 |
| Detroit Mich Ser A | 10 | 2022-Apr | 5.237 | $335,000 |
| Wayne Charter Cnty Mich Arpt Amt-detroit Met Wayne Cnty-a | 8 | 2022-Dec | 5.719 | $130,000 |
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 Arpt Amt-detroit Met Wayne Cnty-a | 15 | 2028-Dec | 6.088 | $170,000 |
| Michigan St Hosp Fin Auth Rev Ref-hosp-henry Ford Hlth | 13 | 2039-Nov | 6.015 | $560,000 |
| Wayne Charter Cnty Mich Arpt Amt-detroit Met Wayne Cnty-a | 8 | 2022-Dec | 5.719 | $130,000 |
| Royal Oak Mich Hosp Fin Auth William Beaumont Hosp-ser M | 11 | 2031-Nov | 5.633 | $300,000 |
| Detroit Mich Sew Disp Rev Second Lien-ser B | 27 | 2029-Jul | 5.487 | $2,100,000 |
| Detroit Mich Downtown Dev Auth Ref-dev Area No 1 Projs-a | 17 | 2012-Jul | 5.444 | $275,000 |
| Oakland Cnty Mich Ctfs Partn Taxable-retiree Med Benefits | 11 | 2023-Apr | 5.353 | $95,000 |
| Michigan St Bldg Auth Rev Cap Apprec-ref-ser Ia | 10 | 2021-Oct | 5.300 | $655,000 |
| Detroit Mich Ser A | 10 | 2022-Apr | 5.237 | $335,000 |
| Michigan St Hosp Fin Auth Rev Ref-trinity Health Credit-d | 20 | 2025-Aug | 4.785 | $315,000 |
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 | 28 | 2.374 | $1,125,000 |
| 2011 | 33 | 1.973 | $2,320,000 |
| 2012 | 34 | 3.434 | $1,460,000 |
| 2013 | 28 | 2.730 | $1,760,000 |
| 2014 | 39 | 3.383 | $2,525,000 |
| 2015 | 25 | 3.135 | $435,000 |
| 2016 | 13 | 4.516 | $455,000 |
| 2017 | 31 | 3.495 | $1,285,000 |
| 2018 | 24 | 4.557 | $520,000 |
| 2019 | 29 | 4.430 | $1,765,000 |
| 2020 | 18 | 4.927 | $1,390,000+ |
| 2021 | 31 | 4.428 | $1,665,000 |
| 2022 | 27 | 4.793 | $1,360,000 |
| 2023 | 27 | 4.578 | $2,570,000+ |
| 2024 | 18 | 3.880 | $3,080,000+ |
| 2025 | 33 | 4.879 | $7,845,000+ |
| 2026 | 22 | 3.857 | $3,185,000+ |
| 2027 | 19 | 4.752 | $445,000 |
| 2028 | 31 | 5.722 | $1,070,000 |
| 2029 | 34 | 5.150 | $855,000 |
| 2030 | 13 | 5.446 | $255,000 |
| 2031 | 12 | 4.803 | $1,515,000+ |
| 2032 | 6 | 5.437 | $160,000 |
| 2033 | 13 | 5.059 | $735,000 |
| 2034 | 15 | 5.640 | $2,330,000+ |
| 2035 | 5 | 6.040 | $60,000 |
| 2036 | 4 | 5.713 | $130,000 |
| 2037 | 7 | 4.717 | $110,000 |
| 2038 | 10 | 6.151 | $120,000 |
| 2039 | 14 | 6.023 | $680,000 |
