Municipals
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Municipal Bond Market Summary:
Week Ending 1/31/25
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 1/24/25-1/31/25
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | MARYLAND ST HLTH &HGR | 4.000% | 07/01/45 | 5.95% | 95.31 | 89.96 | 7 |
2 | PA ST UNIV-B-TXBL | 3.573% | 09/01/37 | 4.59% | 89.24 | 85.32 | 6 |
3 | ATLANTA ETC REC AUTH | 4.003% | 12/15/46 | 4.18% | 84.35 | 80.96 | 4 |
4 | PENNSYLVANIA ST ECON | 3.143% | 06/15/42 | 3.76% | 76.74 | 73.96 | 3 |
5 | ALAMEDA CORRIDOR TRANSN AUTH | 0.000% | 10/01/34 | 3.25% | 70.42 | 68.21 | 10 |
6 | MOULTRIE ETC DEV AUTH | 3.000% | 12/01/30 | 3.20% | 96.89 | 93.88 | 2 |
7 | MONTGOMERY CO-A-REF | 4.100% | 04/01/53 | 3.18% | 102.77 | 99.60 | 2 |
8 | ID HSG & FIN-B-TXBL | 5.365% | 01/01/39 | 3.18% | 100.15 | 97.07 | 4 |
9 | DECATUR GA | 3.125% | 08/01/40 | 3.14% | 88.44 | 85.74 | 2 |
10 | PROJECTNEW YORK TRANS | 4.375% | 10/01/45 | 3.13% | 97.67 | 94.70 | 5 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 1/24/25-1/31/25
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | CA PITSCD 3.50 08/01/2046 | 3.500% | 08/01/46 | -5.17% | 86.76 | 91.49 | 3 |
2 | CA LOSUTL 5.00 07/01/2033 | 5.000% | 07/01/33 | -5.04% | 105.12 | 110.69 | 3 |
3 | OR ORSHGR 3.00 07/01/2051 | 3.000% | 07/01/51 | -4.04% | 74.17 | 77.30 | 7 |
4 | MI SAGSCD 4.00 05/01/2047 | 4.000% | 05/01/47 | -3.47% | 94.95 | 98.36 | 6 |
5 | GA FULDEV 4.00 07/01/2049 | 4.000% | 07/01/49 | -3.16% | 96.63 | 99.78 | 3 |
6 | TX BRYSCD 3.25 02/15/2036 | 3.250% | 02/15/36 | -2.76% | 92.95 | 95.59 | 2 |
7 | CO DENAPT 4.00 12/01/2043 | 4.000% | 12/01/43 | -2.66% | 95.23 | 97.84 | 13 |
8 | TX SIEGEN 3.75 09/01/2048 | 3.750% | 09/01/48 | -2.47% | 91.00 | 93.30 | 3 |
9 | MA HOP 2.00 06/15/2040 | 2.000% | 06/15/40 | -2.43% | 72.65 | 74.46 | 2 |
10 | IL ELP 2.88 12/01/2041 | 2.875% | 12/01/41 | -2.31% | 71.94 | 73.64 | 17 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 1/24/25-1/31/25
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | AR | -29 bps | 4.23% | 4.52% |
2 | NM | -29 bps | 3.78% | 4.07% |
3 | OH | -24 bps | 3.77% | 4.01% |
4 | AL | -22 bps | 4.00% | 4.22% |
5 | IA | -21 bps | 3.93% | 4.14% |
6 | UT | -18 bps | 3.62% | 3.80% |
7 | CO | -18 bps | 3.87% | 4.04% |
8 | CT | -17 bps | 3.99% | 4.16% |
9 | DE | -17 bps | 3.13% | 3.30% |
10 | MA | -17 bps | 3.80% | 3.98% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 1/24/25-1/31/25
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | SC | 1 bps | 3.93% | 3.92% |
2 | KY | -2 bps | 4.01% | 4.03% |
3 | CA | -3 bps | 3.88% | 3.91% |
4 | IN | -4 bps | 3.89% | 3.92% |
5 | RI | -5 bps | 3.78% | 3.83% |
6 | OR | -5 bps | 3.82% | 3.87% |
7 | MD | -5 bps | 3.83% | 3.88% |
8 | PA | -6 bps | 4.05% | 4.10% |
9 | FL | -6 bps | 3.92% | 3.98% |
10 | MT | -6 bps | 3.77% | 3.84% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 1/24/25-1/31/25 (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 1/24/25-1/31/25 (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 1/24/25-1/31/25 (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 1/24/25-1/31/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 1/24/25 vs. the week ending 1/31/25
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | TX WTR DEV BRD -REV | 2.500% | 10/15/39 | 15 | 87 | 72 | 480% |
2 | SAN FRANCISCO-A | 5.000% | 10/01/44 | 35 | 105 | 70 | 200% |
3 | SEGUIN-CTFS OF OBLIG | 5.500% | 09/01/49 | 17 | 86 | 69 | 406% |
4 | ALLEN-REF | 5.000% | 08/15/38 | 13 | 79 | 66 | 508% |
5 | CT ST HLTH & EDU-U-RE | 5.000% | 07/01/33 | 44 | 107 | 63 | 143% |
6 | MA BAY TRANS AUTH-A-1 | 5.250% | 07/01/53 | 57 | 120 | 63 | 111% |
7 | TEXAS ST WTR DEV BRD | 3.000% | 10/15/39 | 33 | 95 | 62 | 188% |
8 | ALIEF ISD-REF | 2.000% | 02/15/38 | 12 | 71 | 59 | 492% |
9 | SPARTANBURG CO SD #5 | 4.000% | 03/01/44 | 51 | 110 | 59 | 116% |
10 | NYC TRANSITIONAL-C-1 | 5.000% | 05/01/50 | 92 | 150 | 58 | 63% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 1/24/25 – 1/31/25
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | NEW YORK CITY TRANSITIONAL FIN | 5.000% | 11/01/53 | 52 |
2 | NEW YORK CITY TRANSITIONAL FIN | 5.500% | 11/01/49 | 43 |
3 | DASNY-A-REF-REV | 5.500% | 07/01/54 | 39 |
4 | NEW YORK CITY TRANSITIONAL FIN | 5.000% | 11/01/39 | 38 |
5 | TRIBOROUGH BRIDGE-A | 5.250% | 12/01/54 | 38 |
6 | NEW YORK CITY TRANSITIONAL FIN | 5.000% | 11/01/46 | 37 |
7 | TRIBOROUGH BRIDGE-A-1 | 5.000% | 05/15/51 | 37 |
8 | CONROE ISD | 4.000% | 02/15/50 | 37 |
9 | PROSPER ISD-A | 4.000% | 02/15/54 | 36 |
10 | MA BAY TRANS AUTH-A-1 | 5.250% | 07/01/53 | 36 |
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