Municipals
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Municipal Bond Market Summary:
Week Ending 5/9/25
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 5/2/25-5/9/25
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | PEACE RIVER MANASOTA | 4.000% | 10/01/38 | 4.42% | 99.28 | 95.08 | 2 |
2 | INDIANA ST FIN AUTH | 6.596% | 02/01/39 | 4.34% | 110.26 | 105.67 | 7 |
3 | IA ST FIN AUTH-A-REF | 5.125% | 05/15/59 | 3.97% | 97.17 | 93.46 | 6 |
4 | PHILADELPHIA PA SD-A | 4.000% | 09/01/38 | 3.86% | 97.37 | 93.75 | 2 |
5 | UPPER ST CLAIR SD-REF | 4.000% | 10/01/41 | 3.79% | 97.64 | 94.08 | 6 |
6 | MISSOURI STHRN ST-AGC | 4.000% | 10/01/44 | 3.53% | 94.26 | 91.05 | 3 |
7 | PAJARO VLY HLTH-A | 5.000% | 09/01/46 | 3.45% | 99.25 | 95.94 | 2 |
8 | BUCKEYE TOBACCO-A-2 | 3.000% | 06/01/48 | 3.45% | 70.86 | 68.50 | 4 |
9 | MOUNTAIN VIEW SD-C | 5.000% | 08/01/35 | 3.44% | 114.50 | 110.70 | 2 |
10 | COOK CO SD #218-A | 3.125% | 12/01/34 | 3.42% | 90.25 | 87.27 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 5/2/25-5/9/25
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | OK OKLDEV 4.32 09/01/2042 | 4.324% | 09/01/42 | -5.66% | 87.84 | 93.10 | 7 |
2 | OR ORS 5.38 08/01/2039 | 5.382% | 08/01/39 | -5.64% | 100.15 | 106.13 | 7 |
3 | OH OHSHGR 4.91 06/01/2040 | 4.910% | 06/01/40 | -5.63% | 92.18 | 97.68 | 6 |
4 | FL FLSDEV 5.00 07/01/2037 | 5.000% | 07/01/37 | -4.81% | 98.17 | 103.12 | 3 |
5 | CT CTSMED 4.13 07/01/2041 | 4.125% | 07/01/41 | -4.69% | 95.53 | 100.22 | 5 |
6 | NY NYCUTL 3.75 06/15/2037 | 3.750% | 06/15/37 | -4.66% | 95.61 | 100.28 | 2 |
7 | NY TRBTRN 4.00 11/15/2054 | 4.000% | 11/15/54 | -4.56% | 88.92 | 93.17 | 11 |
8 | SC SCSMED 5.50 11/01/2048 | 5.500% | 11/01/48 | -4.35% | 106.23 | 111.06 | 2 |
9 | PA ERIWTR 3.01 12/01/2047 | 3.009% | 12/01/47 | -4.34% | 67.46 | 70.52 | 8 |
10 | MA MASHSG 3.30 12/01/2059 | 3.300% | 12/01/59 | -4.27% | 72.49 | 75.72 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 5/2/25-5/9/25
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | NM | -16 bps | 3.64% | 3.80% |
2 | MO | -11 bps | 4.10% | 4.22% |
3 | NE | -11 bps | 3.81% | 3.92% |
4 | MT | -10 bps | 3.88% | 3.98% |
5 | HI | -10 bps | 4.08% | 4.17% |
6 | RI | -6 bps | 3.82% | 3.88% |
7 | IL | -4 bps | 4.27% | 4.31% |
8 | AR | -4 bps | 4.30% | 4.34% |
9 | MN | -3 bps | 3.83% | 3.86% |
10 | AL | -3 bps | 3.94% | 3.97% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 5/2/25-5/9/25
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | AK | 29 bps | 4.05% | 3.76% |
2 | VA | 25 bps | 4.09% | 3.85% |
3 | ME | 18 bps | 4.03% | 3.85% |
4 | CT | 15 bps | 4.04% | 3.89% |
5 | NH | 15 bps | 3.93% | 3.79% |
6 | NJ | 13 bps | 3.93% | 3.80% |
7 | IN | 13 bps | 3.93% | 3.81% |
8 | FL | 12 bps | 3.89% | 3.77% |
9 | OK | 11 bps | 3.83% | 3.72% |
10 | MD | 10 bps | 3.75% | 3.65% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/2/25-5/9/25 (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 5/2/25-5/9/25 (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 5/2/25-5/9/25 (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 5/2/25-5/9/25

Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/2/25 vs. the week ending 5/9/25
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | MD CMNTY DEV ADMIN-B | 6.000% | 09/01/55 | 6 | 99 | 93 | 1550% |
2 | NYC TRANSITIONAL FIN | 5.000% | 11/01/38 | 30 | 115 | 85 | 283% |
3 | NYC TRANSITIONAL | 5.000% | 05/01/39 | 52 | 131 | 79 | 152% |
4 | NORTH DAKOTA ST | 1.960% | 12/01/28 | 15 | 93 | 78 | 520% |
5 | LAKE HAVASU – REF | 5.000% | 07/01/34 | 10 | 85 | 75 | 750% |
6 | MEMPHIS-REV | 5.000% | 06/01/36 | 42 | 116 | 74 | 176% |
7 | NEW YORK -D-3A-REMK | 5.000% | 10/01/38 | 98 | 168 | 70 | 71% |
8 | OR FACS AUTH-A-REF | 5.000% | 06/01/27 | 12 | 79 | 67 | 558% |
9 | JARRELL ISD | 5.000% | 02/15/39 | 30 | 95 | 65 | 217% |
10 | MA CMWLTH -C | 2.750% | 03/01/50 | 70 | 135 | 65 | 93% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/2/25 – 5/9/25
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | NEW YORK CITY TRANSITIONAL FIN | 5.000% | 11/01/47 | 53 |
2 | LANCASTER CO HOSP AUT | 5.000% | 11/01/51 | 51 |
3 | ROCHESTER-SER A | 4.375% | 11/15/53 | 50 |
4 | MA DEV FIN AGY-B | 5.000% | 02/15/34 | 49 |
5 | LOS ANGELES CALIF UNI SCH DIST | 5.000% | 07/01/49 | 48 |
6 | CALIFORNIA ST | 4.125% | 03/01/49 | 48 |
7 | NEW YORK-E | 5.250% | 08/01/50 | 45 |
8 | DASNY-A-REF | 5.000% | 03/15/55 | 45 |
9 | HARRIS CO-CTFS OBLIG | 4.000% | 09/15/49 | 44 |
10 | CALIFORNIA ST | 5.000% | 03/01/44 | 43 |
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