Market Summary
April 2025

Municipal Bond Market Summary – Week Ending 4/11/25

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Municipal Bond Market Summary: Week Ending 4/11/25

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 4/4/25-4/11/25

RANKBOND NAMECOUPONMATURITYCHANGEPRCPRC-1WDEALERS
1 MONTGOMERY CNTY MD H 3.000% 07/01/32 2.82% 98.26 95.56 3
2 NORTHAMPTON CO GEN-A1 5.000% 08/15/49 2.74% 105.85 103.02 7
3 DIST OF COLUMBIA-C1 4.000% 10/01/51 2.74% 94.49 91.97 4
4 NYC TRANSITIONAL 5.000% 05/01/53 2.73% 106.08 103.27 5
5 OK DEV FIN AUTH-B 4.000% 06/01/45 2.45% 97.28 94.95 2
6 PENNSYLVANIA HGR-B2 4.375% 11/01/54 2.41% 96.88 94.60 20
7 CO ST HLTH FACS AUTH 3.250% 08/01/49 2.21% 76.96 75.29 4
8 PALM BEACH CNTY FL HL 4.000% 08/15/49 2.20% 90.66 88.71 9
9 SOCIAL CIRCLE -REV 4.125% 02/01/42 2.04% 100.82 98.80 18
10 BRAZORIA CO MUD #16 3.500% 09/01/40 2.01% 87.03 85.31 2

Bottom 10 Performers

Showcases the bottom 10 Muni Bond performers based on price movements between 4/4/25-4/11/25

RANKBOND NAMECOUPONMATURITYCHANGEPRCPRC-1WDEALERS
1 IL LAK 4.00 11/30/2044 4.000% 11/30/44 -12.49% 85.40 97.60 2
2 CA HUGSCD 4.00 08/01/2054 4.000% 08/01/54 -12.40% 86.95 99.26 23
3 OH NWOSCD 4.00 12/01/2050 4.000% 12/01/50 -12.02% 82.59 93.87 2
4 CA LONSCD 4.00 08/01/2053 4.000% 08/01/53 -12.02% 84.98 96.59 5
5 CA SSSEDU 4.00 02/01/2055 4.000% 02/01/55 -11.99% 86.05 97.78 30
6 GA PRIHGR 4.00 10/01/2050 4.000% 10/01/50 -11.85% 87.28 99.01 2
7 CA CASMED 6.50 06/01/2054 6.500% 06/01/54 -11.85% 87.95 99.76 6
8 CA LVVSCD 4.00 08/01/2047 4.000% 08/01/47 -11.84% 86.64 98.27 6
9 VA VASTRN 3.25 05/15/2043 3.250% 05/15/43 -11.79% 74.53 84.50 4
10 CA SDGEDU 4.00 07/01/2047 4.000% 07/01/47 -11.65% 86.59 98.01 5

Top 10 State Performers

Showcases the top 10 Muni State performers based on yield movements between 4/4/25-4/11/25

RANKSTATECHANGEYLDYLD-1W
1 HI 2 bps 4.17% 4.15%
2 AK 21 bps 4.01% 3.80%
3 WV 26 bps 3.97% 3.70%
4 SC 30 bps 3.77% 3.47%
5 AR 31 bps 4.22% 3.92%
6 MO 38 bps 4.18% 3.80%
7 CA 40 bps 4.04% 3.64%
8 MI 40 bps 4.13% 3.73%
9 NC 40 bps 3.92% 3.52%
10 KS 41 bps 4.27% 3.86%

Bottom 10 State Performers

Showcases the bottom 10 Muni State performers based on yield movements between 4/4/25-4/11/25

RANKSTATECHANGEYLDYLD-1W
1 GA 74 bps 4.14% 3.40%
2 SD 72 bps 4.07% 3.34%
3 UT 70 bps 4.09% 3.40%
4 ND 65 bps 4.18% 3.53%
5 IN 65 bps 4.17% 3.52%
6 IA 63 bps 4.37% 3.75%
7 DC 62 bps 4.19% 3.57%
8 VT 62 bps 4.21% 3.59%
9 ME 60 bps 4.11% 3.51%
10 RI 60 bps 4.27% 3.67%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 4/4/25-4/11/25 (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 4/4/25-4/11/25 (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 4/4/25-4/11/25 (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 4/4/25-4/11/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 4/4/25 vs. the week ending 4/11/25

RANKTRANCHECOUPONMATURITYPRIOR WEEKTHIS WEEKINCREASE% INCREASE
1 NYC TRANSITIONAL 5.000% 05/01/48 5 110 105 2100%
2 SAN DIEGO UNIF SD-B3 4.000% 07/01/54 15 120 105 700%
3 GRAPEVINE -CTFS OBLIG 4.000% 02/15/44 6 110 104 1733%
4 CHISUM ISD 5.000% 08/15/42 6 105 99 1650%
5 NEW YORK-E-SUBSER-E-1 5.000% 04/01/39 33 131 98 297%
6 NEW YORK-D 4.000% 04/01/41 37 133 96 259%
7 CA ST PUB WKS BRD-REF 4.000% 08/01/37 65 160 95 146%
8 NEW YORK 5.000% 08/01/38 38 132 94 247%
9 NEW YORK C-1 5.000% 09/01/38 29 121 92 317%
10 NYC TRANSITIONAL-D-1 5.000% 11/01/39 71 161 90 127%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 4/4/25 – 4/11/25

RANKTRANCHECOUPONMATURITYDEALERS
1 NYC MUNI WTR FIN-AA1 5.250% 06/15/53 52
2 NYC MUNI WTR FIN-BB 5.250% 06/15/55 51
3 NYC TRANSITIONAL-F-1 5.000% 11/01/39 51
4 NYC TRANSITIONAL-H-1 5.000% 11/01/38 46
5 NYC TRANSITIONAL-H-1 5.000% 11/01/50 45
6 CALIFORNIA ST 4.125% 03/01/49 45
7 CA UNIV REGENTS-CC 4.000% 05/15/55 44
8 CA UNIV REGENTS-CB 5.000% 05/15/38 43
9 MET ATLANTA RAPID-A 5.000% 07/01/55 43
10 DENVER CO SD#1-C 5.500% 12/01/46 43

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