Municipals
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Municipal Bond Market Summary:
Week Ending 1/10/25
Our newsletter presents key trends derived from observable Municipal Bond pricing data over a weekly period.
Top 10 Performers
Showcases the top 10 Muni Bond performers based on price movements between 1/3/25-1/10/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | CO ST HLTH FACS -AGM | 4.000% | 08/01/49 | 3.70% | 97.01 | 93.55 | 2 |
| 2 | CA ST UNIV-E | 3.267% | 11/01/60 | 3.18% | 68.75 | 66.63 | 6 |
| 3 | WI HLTH & EDU FAC-REF | 4.000% | 08/15/47 | 3.07% | 96.96 | 94.07 | 11 |
| 4 | HARRIS CNTY TEX HEALTH FACS | 5.750% | 07/01/27 | 3.07% | 105.69 | 102.54 | 4 |
| 5 | SAN DIEGO CNTY CA REG | 4.000% | 07/01/56 | 3.02% | 98.93 | 96.04 | 3 |
| 6 | LOS ALTOS-A-1-REF | 3.000% | 08/01/35 | 2.69% | 97.69 | 95.12 | 3 |
| 7 | REDWOOD CITY SD | 3.500% | 08/01/47 | 2.23% | 94.05 | 92.00 | 2 |
| 8 | WA TWP NJ GLOUCESTER | 2.250% | 11/15/29 | 2.01% | 94.57 | 92.71 | 2 |
| 9 | NY DORM AUTH-A-UNREFD | 3.000% | 02/15/34 | 1.99% | 94.75 | 92.90 | 2 |
| 10 | CHABOT-LAS POSITAS CA | 3.000% | 08/01/36 | 1.94% | 94.48 | 92.68 | 4 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 1/3/25-1/10/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | VA VASTRN 3.00 05/15/2041 | 3.000% | 05/15/41 | -5.75% | 84.19 | 89.32 | 4 |
| 2 | NY NYCDEV 2.88 11/15/2046 | 2.875% | 11/15/46 | -5.19% | 71.60 | 75.52 | 5 |
| 3 | KY ULVHGR 2.50 09/01/2041 | 2.500% | 09/01/41 | -5.15% | 72.53 | 76.47 | 2 |
| 4 | MA MASDEV 3.00 05/01/2049 | 3.000% | 05/01/49 | -4.92% | 76.74 | 80.72 | 5 |
| 5 | NY NYCGEN 4.00 05/01/2053 | 4.000% | 05/01/53 | -4.92% | 94.34 | 99.22 | 9 |
| 6 | IL STSGEN 4.00 01/01/2048 | 4.000% | 01/01/48 | -4.53% | 89.14 | 93.37 | 2 |
| 7 | KY UKYHGR 3.38 10/01/2042 | 3.375% | 10/01/42 | -4.52% | 85.36 | 89.40 | 2 |
| 8 | TN MNVAPT 4.00 07/01/2054 | 4.000% | 07/01/54 | -4.47% | 90.67 | 94.91 | 19 |
| 9 | TX HOUUTL 4.00 11/15/2051 | 4.000% | 11/15/51 | -4.45% | 93.91 | 98.28 | 11 |
| 10 | OH CRLSCD 3.63 12/01/2054 | 3.625% | 12/01/54 | -4.42% | 81.51 | 85.28 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 1/3/25-1/10/25
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | HI | -10 bps | 3.86% | 3.95% |
| 2 | KY | -7 bps | 3.97% | 4.03% |
| 3 | RI | -5 bps | 3.81% | 3.86% |
| 4 | OR | -4 bps | 4.00% | 4.04% |
| 5 | AK | -3 bps | 3.93% | 3.96% |
| 6 | ND | -1 bps | 3.98% | 3.99% |
| 7 | NY | -1 bps | 3.97% | 3.97% |
| 8 | IA | 0 bps | 4.08% | 4.08% |
| 9 | NE | 0 bps | 4.12% | 4.13% |
| 10 | NC | 4 bps | 3.74% | 3.70% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 1/3/25-1/10/25
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MD | 30 bps | 4.01% | 3.71% |
| 2 | GA | 30 bps | 3.90% | 3.60% |
| 3 | CO | 26 bps | 4.04% | 3.78% |
| 4 | WV | 25 bps | 4.02% | 3.77% |
| 5 | FL | 23 bps | 4.06% | 3.83% |
| 6 | KS | 23 bps | 4.18% | 3.95% |
| 7 | OH | 22 bps | 4.06% | 3.83% |
| 8 | SD | 22 bps | 3.76% | 3.54% |
| 9 | PA | 21 bps | 4.15% | 3.94% |
| 10 | NJ | 20 bps | 4.14% | 3.95% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 1/3/25-1/10/25 (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 1/3/25-1/10/25 (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 1/3/25-1/10/25 (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 1/3/25-1/10/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 1/3/25 vs. the week ending 1/10/25
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | DASNY-A-REV | 5.000% | 03/15/53 | 17 | 95 | 78 | 459% |
| 2 | COLORADO ST -S -COPS | 4.000% | 03/15/46 | 48 | 122 | 74 | 154% |
| 3 | GEORGETOWN ISD | 5.000% | 02/15/54 | 10 | 78 | 68 | 680% |
| 4 | HUTTO ISD | 5.000% | 08/01/53 | 27 | 94 | 67 | 248% |
| 5 | CA ST PUB WKS-D | 4.000% | 05/01/41 | 5 | 70 | 65 | 1300% |
| 6 | DENTON ISD | 5.000% | 08/15/53 | 42 | 106 | 64 | 152% |
| 7 | SPRING HILL | 4.000% | 06/01/39 | 23 | 87 | 64 | 278% |
| 8 | ELK GROVE UNIF SD | 4.000% | 08/01/45 | 16 | 78 | 62 | 388% |
| 9 | NYC TRANSITIONAL-F-1 | 5.000% | 02/01/42 | 15 | 77 | 62 | 413% |
| 10 | CENTRL UNIF SD-B-CIBS | 4.000% | 08/01/50 | 30 | 92 | 62 | 207% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 1/3/25 – 1/10/25
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NEW YORK CITY TRANSITIONAL FIN | 5.500% | 11/01/49 | 43 |
| 2 | NEW YORK CITY TRANSITIONAL FIN | 5.000% | 11/01/53 | 43 |
| 3 | NJ TRANSPRTN TRUST-CC | 4.125% | 06/15/50 | 42 |
| 4 | DASNY-A-REF-REV | 5.500% | 07/01/54 | 42 |
| 5 | TRIBOROUGH BRIDGE-A-1 | 5.000% | 05/15/51 | 39 |
| 6 | DASNY-B-REF | 5.000% | 03/15/54 | 39 |
| 7 | MANSFIELD ECON DEV | 4.000% | 08/01/49 | 38 |
| 8 | NJ TRANSPRTN TRUST-CC | 4.125% | 06/15/55 | 38 |
| 9 | E MONTGOMERY IMPT DT | 4.250% | 08/15/54 | 37 |
| 10 | NEW YORK CITY TRANSITIONAL FIN | 4.125% | 11/01/53 | 36 |
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