Municipal Bond Market Summary – Week Ending 3/28/25
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Municipal Bond Market Summary: Week Ending 3/28/25
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 3/21/25-3/28/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | UN GROVE HSD UN-REF | 4.000% | 03/01/44 | 4.18% | 100.00 | 95.99 | 18 |
| 2 | HALIFAX HOSP MED CTR | 4.250% | 06/01/54 | 3.89% | 97.44 | 93.79 | 2 |
| 3 | PENNSYLVANIA ECON DEV | 4.000% | 08/01/54 | 3.03% | 97.00 | 94.15 | 11 |
| 4 | DASNY-A-REF | 5.250% | 05/01/54 | 2.77% | 108.26 | 105.34 | 11 |
| 5 | MET TRANS AUTH-A-REF | 5.000% | 11/15/44 | 2.65% | 107.68 | 104.90 | 3 |
| 6 | SAN DIEGO UNIF-ZR-6A | 5.000% | 07/01/44 | 2.46% | 116.12 | 113.33 | 4 |
| 7 | PA HGR EDU FACS-B1 | 4.250% | 11/01/51 | 2.41% | 96.59 | 94.32 | 15 |
| 8 | TRIBOROUGH BRIDGE-A-1 | 5.250% | 05/15/64 | 2.21% | 108.12 | 105.78 | 13 |
| 9 | POMONA-BJ-TXBL-REV | 3.716% | 08/01/40 | 2.05% | 86.34 | 84.61 | 5 |
| 10 | NY ST THRWY AUTH | 4.000% | 03/15/44 | 2.04% | 98.80 | 96.82 | 4 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 3/21/25-3/28/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | GA FULDEV 4.00 07/01/2049 | 4.000% | 07/01/49 | -6.75% | 88.99 | 95.44 | 7 |
| 2 | NJ NJSMED 4.13 07/01/2054 | 4.125% | 07/01/54 | -6.73% | 90.71 | 97.26 | 5 |
| 3 | DC DCTTRN 4.00 07/15/2046 | 4.000% | 07/15/46 | -6.65% | 91.25 | 97.75 | 17 |
| 4 | CA CA CASHGR 5 11/01/2039 4.00 11/01/2055 | 4.000% | 11/01/55 | -6.02% | 94.77 | 100.84 | 5 |
| 5 | CA POWSCD 0.00 08/01/2037 | 0.000% | 08/01/37 | -5.74% | 61.14 | 64.86 | 17 |
| 6 | NV WASSCD 4.00 10/01/2047 | 4.000% | 10/01/47 | -5.56% | 90.80 | 96.15 | 5 |
| 7 | MI MISFIN 4.00 03/01/2051 | 4.000% | 03/01/51 | -5.51% | 88.11 | 93.24 | 6 |
| 8 | IL CHITRN 4.00 01/01/2053 | 4.000% | 01/01/53 | -5.35% | 87.84 | 92.81 | 7 |
| 9 | CA JEFSCD 3.00 08/01/2037 | 3.000% | 08/01/37 | -5.29% | 87.49 | 92.38 | 2 |
| 10 | CA RIVHGR 3.00 08/01/2034 | 3.000% | 08/01/34 | -5.26% | 93.62 | 98.82 | 3 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 3/21/25-3/28/25
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | HI | -9 bps | 4.22% | 4.31% |
| 2 | KY | -7 bps | 3.87% | 3.94% |
| 3 | AR | -7 bps | 4.09% | 4.16% |
| 4 | NY | 3 bps | 3.82% | 3.79% |
| 5 | IN | 4 bps | 3.80% | 3.76% |
| 6 | SC | 6 bps | 3.68% | 3.62% |
| 7 | DE | 7 bps | 3.60% | 3.52% |
| 8 | NJ | 13 bps | 4.01% | 3.88% |
| 9 | PA | 13 bps | 4.04% | 3.91% |
| 10 | CT | 14 bps | 3.99% | 3.85% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 3/21/25-3/28/25
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | IA | 36 bps | 4.18% | 3.82% |
| 2 | VA | 34 bps | 3.97% | 3.63% |
| 3 | AK | 34 bps | 3.73% | 3.39% |
| 4 | MN | 29 bps | 3.97% | 3.68% |
| 5 | UT | 28 bps | 3.79% | 3.51% |
| 6 | NH | 26 bps | 3.96% | 3.70% |
| 7 | FL | 25 bps | 4.06% | 3.81% |
| 8 | IL | 24 bps | 4.25% | 4.01% |
| 9 | MO | 23 bps | 4.03% | 3.80% |
| 10 | MA | 22 bps | 3.88% | 3.67% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 3/21/25-3/28/25 (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 3/21/25-3/28/25 (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 3/21/25-3/28/25 (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 3/21/25-3/28/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 3/21/25 vs. the week ending 3/28/25
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | COLORADO ST HLTH FACS | 5.000% | 11/01/28 | 2 | 82 | 80 | 4000% |
| 2 | AUGUSTA-REV-REF | 5.000% | 10/01/38 | 26 | 105 | 79 | 304% |
| 3 | SARASOTA CO -REV | 5.250% | 10/01/52 | 64 | 143 | 79 | 123% |
| 4 | HAMPTON ROADS TRANSPR | 4.000% | 07/01/57 | 127 | 205 | 78 | 61% |
| 5 | ARLINGTON HGR EDU | 5.000% | 08/15/36 | 12 | 85 | 73 | 608% |
| 6 | DASNY -A | 4.000% | 07/01/44 | 36 | 109 | 73 | 203% |
| 7 | ARLINGTON HGR EDU | 5.000% | 08/15/33 | 13 | 85 | 72 | 554% |
| 8 | DENVER CO SD#1-C | 5.500% | 12/01/46 | 169 | 240 | 71 | 42% |
| 9 | BELL CO WTR CONTROL | 4.000% | 07/10/42 | 9 | 79 | 70 | 778% |
| 10 | ATLANTA ARPT REV-B | 5.000% | 07/01/52 | 13 | 83 | 70 | 538% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 3/21/25 – 3/28/25
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | NYC MUNI WTR FIN-AA1 | 5.250% | 06/15/53 | 57 |
| 2 | NYC TRANSITIONAL-F-1 | 5.000% | 11/01/39 | 53 |
| 3 | NYC MUNI WTR FIN-BB | 5.250% | 06/15/55 | 52 |
| 4 | DENVER CO SD#1-C | 5.500% | 12/01/46 | 49 |
| 5 | NYC TRANSITIONAL-F-1 | 5.000% | 11/01/37 | 48 |
| 6 | MET ATLANTA RAPID-A | 5.000% | 07/01/55 | 47 |
| 7 | NEW YORK CITY TRANSITIONAL FIN | 5.000% | 11/01/46 | 44 |
| 8 | OK TPK AUTH-A | 5.250% | 01/01/50 | 42 |
| 9 | SEGUIN-CTFS OF OBLIG | 5.500% | 09/01/59 | 42 |
| 10 | HAMPTON ROADS TRANSPR | 4.000% | 07/01/57 | 41 |
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