Municipals
GET OUR MUNICIPAL BOND MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Municipal Bond Market Summary:
Week Ending 5/23/25
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 5/16/25-5/23/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | TX WTR DEV BRD-REV | 5.000% | 08/01/33 | 3.87% | 112.77 | 108.57 | 2 |
| 2 | MASSACHUSETTS ST DEV FIN AGY | 6.000% | 07/01/50 | 3.76% | 110.32 | 106.32 | 12 |
| 3 | MIDA CORMONT PUB | 6.250% | 06/01/55 | 2.93% | 102.93 | 100.00 | 2 |
| 4 | PHOENIX CIVIC IMPT CO | 4.000% | 07/01/38 | 2.82% | 98.25 | 95.56 | 29 |
| 5 | SPOTSYLVANIA CNTY | 2.375% | 06/01/36 | 2.77% | 83.20 | 80.96 | 2 |
| 6 | SAN ANTONIO ELEC | 5.718% | 02/01/41 | 2.41% | 102.81 | 100.39 | 4 |
| 7 | DASNY-A-REF | 5.000% | 05/01/32 | 2.39% | 111.76 | 109.15 | 2 |
| 8 | PALO VERDE CCD-REF | 4.000% | 01/01/37 | 2.27% | 100.28 | 98.06 | 3 |
| 9 | NYS HSG FIN AGY-C | 4.500% | 12/15/49 | 2.22% | 94.75 | 92.70 | 3 |
| 10 | GREENVILLE N C UTILS COMMN | 4.375% | 09/01/42 | 2.09% | 101.54 | 99.46 | 5 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 5/16/25-5/23/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | CA LVVSCD 3.00 08/01/2046 | 3.000% | 08/01/46 | -4.90% | 74.32 | 78.15 | 5 |
| 2 | DC DCTTRN 4.38 07/15/2059 | 4.375% | 07/15/59 | -4.86% | 90.57 | 95.19 | 6 |
| 3 | FL GAIOBL 2.24 10/01/2032 | 2.235% | 10/01/32 | -4.68% | 80.14 | 84.08 | 8 |
| 4 | TX LAMSCD 4.00 02/15/2062 | 4.000% | 02/15/62 | -4.63% | 86.04 | 90.22 | 2 |
| 5 | MN SUDMED 4.00 05/01/2050 | 4.000% | 05/01/50 | -4.51% | 87.30 | 91.42 | 2 |
| 6 | MN MINAPT 4.00 01/01/2054 | 4.000% | 01/01/54 | -4.41% | 87.19 | 91.21 | 3 |
| 7 | CT UNVHGR 5.00 08/15/2040 | 5.000% | 08/15/40 | -4.36% | 106.48 | 111.33 | 4 |
| 8 | LA LASFAC 3.00 05/15/2047 | 3.000% | 05/15/47 | -4.36% | 71.98 | 75.26 | 2 |
| 9 | MD WASUTL 4.00 06/01/2050 | 4.000% | 06/01/50 | -4.30% | 90.20 | 94.25 | 4 |
| 10 | MA MASDEV 4.00 07/01/2038 | 4.000% | 07/01/38 | -4.26% | 95.55 | 99.80 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 5/16/25-5/23/25
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NJ | -17 bps | 3.82% | 4.00% |
| 2 | VT | -11 bps | 3.56% | 3.66% |
| 3 | MT | -10 bps | 3.84% | 3.94% |
| 4 | OK | -8 bps | 3.74% | 3.82% |
| 5 | WI | -7 bps | 3.81% | 3.88% |
| 6 | CO | -5 bps | 3.80% | 3.85% |
| 7 | ME | -4 bps | 3.99% | 4.03% |
| 8 | AZ | -4 bps | 3.98% | 4.02% |
| 9 | UT | -4 bps | 3.85% | 3.89% |
| 10 | IN | -3 bps | 3.90% | 3.93% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 5/16/25-5/23/25
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | SD | 12 bps | 3.89% | 3.77% |
| 2 | ND | 9 bps | 3.94% | 3.85% |
| 3 | RI | 8 bps | 3.89% | 3.81% |
| 4 | HI | 7 bps | 4.14% | 4.07% |
| 5 | TX | 7 bps | 3.99% | 3.92% |
| 6 | OR | 7 bps | 4.14% | 4.07% |
| 7 | DC | 4 bps | 3.97% | 3.93% |
| 8 | MS | 4 bps | 4.14% | 4.10% |
| 9 | KY | 4 bps | 3.84% | 3.81% |
| 10 | IA | 3 bps | 3.92% | 3.89% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/16/25-5/23/25 (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 5/16/25-5/23/25 (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 5/16/25-5/23/25 (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 5/16/25-5/23/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/16/25 vs. the week ending 5/23/25
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | ONONDAGA CO TRUST FOR | 5.000% | 12/01/45 | 55 | 161 | 106 | 193% |
| 2 | NYC TRANSITIONAL FIN | 5.000% | 11/01/36 | 10 | 100 | 90 | 900% |
| 3 | ILLINOIS ST-B | 5.500% | 05/01/47 | 10 | 99 | 89 | 890% |
| 4 | PENNSYLVANIA CMWLTH-B | 4.000% | 08/15/42 | 56 | 139 | 83 | 148% |
| 5 | ALAMEDA UNIF SD-B | 5.000% | 08/01/49 | 41 | 115 | 74 | 180% |
| 6 | SAN FRANCISCO CITY & | 5.000% | 11/01/50 | 11 | 82 | 71 | 645% |
| 7 | NEEDVILLE TEX INDPT SCH DIST | 5.000% | 08/15/50 | 50 | 120 | 70 | 140% |
| 8 | PA TPK COMM -B -REV | 5.000% | 12/01/50 | 8 | 77 | 69 | 863% |
| 9 | NYC TRANSITIONAL-G-1 | 5.000% | 05/01/36 | 54 | 122 | 68 | 126% |
| 10 | NEW JERSEY TPK AUTH-B | 5.000% | 01/01/46 | 55 | 123 | 68 | 124% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/16/25 – 5/23/25
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | LANCASTER CO HOSP AUT | 5.000% | 11/01/51 | 52 |
| 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 | NEW YORK-E | 5.250% | 08/01/50 | 47 |
| 5 | PORT AUTH N Y & N J | 5.000% | 01/15/50 | 44 |
| 6 | TEXAS WTR DEV BRD-A | 4.375% | 10/15/59 | 43 |
| 7 | CHICAGO O’HARE ARPT-B | 5.000% | 01/01/53 | 43 |
| 8 | CONNECTICUT ST | 5.000% | 03/15/35 | 42 |
| 9 | CONNECTICUT ST | 5.000% | 12/01/33 | 42 |
| 10 | CONNECTICUT ST | 5.000% | 03/15/30 | 41 |
Stay up-to-date with weekly summaries.
Syndicated Bank Loans 
Municipals 
Corporates 
Credit Default Swaps 
BDCs 
SOLVE Insights 
SOLVE Newsroom 
