Municipals
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Municipal Bond Market Summary:
Week Ending 5/16/25
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 5/9/25-5/16/25
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | PORT AUTH OF NEW YORK | 3.250% | 05/01/33 | 4.92% | 98.53 | 93.91 | 2 |
2 | DELANO CALIF UN ELEM SCH DIST | 0.000% | 08/01/42 | 4.80% | 44.40 | 42.37 | 3 |
3 | SPOTSYLVANIA CNTY | 2.375% | 06/01/36 | 4.44% | 80.96 | 77.51 | 2 |
4 | SAN DIEGO CNTY CA REG | 4.000% | 07/01/51 | 4.09% | 92.46 | 88.82 | 3 |
5 | MT SAN ANTONIO CCD-B | 0.000% | 08/01/45 | 3.95% | 31.08 | 29.90 | 4 |
6 | ALAMEDA CORRIDOR TRANSN AUTH C | #VALUE! | 10/01/39 | 3.34% | 44.38 | 42.94 | 5 |
7 | GRAND PARKWAY TRANSPR | 3.006% | 10/01/39 | 3.15% | 79.66 | 77.23 | 9 |
8 | WINDY GAP FIRMING | 5.000% | 07/15/34 | 2.85% | 109.19 | 106.16 | 2 |
9 | SARASOTA CO UTL SYS-A | 4.000% | 10/01/43 | 2.84% | 92.29 | 89.75 | 2 |
10 | ALLEN CO IN BLDG CORP | 5.000% | 07/15/39 | 2.83% | 108.61 | 105.62 | 12 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 5/9/25-5/16/25
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | CA HCHGEN 5.00 07/01/2061 | 5.000% | 07/01/61 | -5.95% | 86.97 | 92.47 | 8 |
2 | MI JENSCD 4.00 05/01/2041 | 4.000% | 05/01/41 | -5.59% | 93.97 | 99.53 | 4 |
3 | TX MNFDEV 4.00 08/01/2049 | 4.000% | 08/01/49 | -5.17% | 86.56 | 91.28 | 3 |
4 | FL LKLGEN 5.00 10/01/2037 | 5.000% | 10/01/37 | -4.77% | 110.09 | 115.60 | 2 |
5 | MI SCHSCD 4.00 05/01/2042 | 4.000% | 05/01/42 | -4.71% | 92.76 | 97.35 | 6 |
6 | MA MAS 2.81 09/01/2043 | 2.813% | 09/01/43 | -4.67% | 70.30 | 73.74 | 4 |
7 | KY LOUMED 5.00 05/15/2052 | 5.000% | 05/15/52 | -4.66% | 95.18 | 99.84 | 3 |
8 | MI GODSCD 4.00 05/01/2050 | 4.000% | 05/01/50 | -4.60% | 86.81 | 90.99 | 5 |
9 | MI BYNSCD 4.00 05/01/2042 | 4.000% | 05/01/42 | -4.53% | 92.94 | 97.35 | 4 |
10 | FL FLSDEV 5.50 07/01/2053 | 5.500% | 07/01/53 | -4.29% | 95.57 | 99.85 | 9 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 5/9/25-5/16/25
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | AK | -36 bps | 3.68% | 4.04% |
2 | NJ | -17 bps | 3.82% | 4.00% |
3 | VT | -11 bps | 3.56% | 3.66% |
4 | MT | -10 bps | 3.84% | 3.94% |
5 | OK | -8 bps | 3.74% | 3.82% |
6 | WI | -7 bps | 3.81% | 3.88% |
7 | CO | -5 bps | 3.80% | 3.85% |
8 | ME | -4 bps | 3.99% | 4.03% |
9 | AZ | -4 bps | 3.98% | 4.02% |
10 | UT | -4 bps | 3.85% | 3.89% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 5/9/25-5/16/25
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | GA | 21 bps | 3.90% | 3.69% |
2 | SD | 12 bps | 3.89% | 3.77% |
3 | ND | 9 bps | 3.94% | 3.85% |
4 | RI | 8 bps | 3.89% | 3.81% |
5 | HI | 7 bps | 4.14% | 4.07% |
6 | TX | 7 bps | 3.99% | 3.92% |
7 | OR | 7 bps | 4.14% | 4.07% |
8 | DC | 4 bps | 3.97% | 3.93% |
9 | MS | 4 bps | 4.14% | 4.10% |
10 | KY | 4 bps | 3.84% | 3.81% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/9/25-5/16/25 (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 5/9/25-5/16/25 (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 5/9/25-5/16/25 (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 5/9/25-5/16/25

Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/9/25 vs. the week ending 5/16/25
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | CRANDALL TEX INDPT SCH DIST | 5.000% | 08/15/54 | 3 | 102 | 99 | 3300% |
2 | ARKANSAS UNIV-REF-REV | 5.000% | 11/01/34 | 7 | 102 | 95 | 1357% |
3 | NEW CANEY ISD | 4.000% | 02/15/54 | 25 | 108 | 83 | 332% |
4 | LEE CO-REV | 5.250% | 10/01/54 | 52 | 134 | 82 | 158% |
5 | UNIV OF HOUSTON TX UN | 5.000% | 02/15/35 | 11 | 92 | 81 | 736% |
6 | TULOSO-MIDWAY TEX INDPT SCH DI | 5.000% | 08/15/42 | 21 | 102 | 81 | 386% |
7 | PHOENIX CIVIC IMPT CO | 4.000% | 07/01/38 | 35 | 116 | 81 | 231% |
8 | NAUSET REGL SD | 4.000% | 05/15/49 | 9 | 87 | 78 | 867% |
9 | ILLINOIS ST TOLL HIGH | 5.250% | 01/01/45 | 39 | 112 | 73 | 187% |
10 | SALT RIVER AZ PROJ AG | 5.000% | 01/01/37 | 50 | 121 | 71 | 142% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/9/25 – 5/16/25
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | LANCASTER CO HOSP AUT | 5.000% | 11/01/51 | 51 |
2 | MA DEV FIN AGY-B | 5.000% | 02/15/34 | 50 |
3 | LOS ANGELES CALIF UNI SCH DIST | 5.000% | 07/01/49 | 50 |
4 | ROCHESTER-SER A | 4.375% | 11/15/53 | 50 |
5 | NEW YORK-E | 5.250% | 08/01/50 | 47 |
6 | HARRIS CO-CTFS OBLIG | 4.000% | 09/15/49 | 45 |
7 | PORT AUTH N Y & N J | 5.000% | 01/15/50 | 44 |
8 | TEXAS WTR DEV BRD-A | 4.375% | 10/15/59 | 43 |
9 | CHICAGO O’HARE ARPT-B | 5.000% | 01/01/53 | 43 |
10 | CALIFORNIA ST | 4.125% | 03/01/49 | 42 |
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