Municipals
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Municipal Bond Market Summary:
Week Ending 6/20/25
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 6/13/25-6/20/25
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | PENNSYLVANIA HSG FIN AGY | 6.500% | 10/01/55 | 3.28% | 108.89 | 105.43 | 12 |
2 | CLIFTON HGR EDU-A-REF | 5.000% | 08/15/32 | 3.15% | 109.77 | 106.42 | 2 |
3 | NY HSG FIN AGY-E | 3.250% | 11/01/41 | 2.82% | 80.67 | 78.46 | 2 |
4 | BUCKS CNTY INDL-BAM | 4.000% | 08/15/44 | 2.76% | 90.98 | 88.54 | 13 |
5 | ALLEGHENY CO ARPRT AU | 5.000% | 01/01/51 | 2.10% | 98.58 | 96.55 | 7 |
6 | TEMPLE CITY CALIF UNI SCH DIST | 4.750% | 07/01/51 | 2.06% | 100.29 | 98.27 | 5 |
7 | LOS ANGELES DEPT-B | 5.000% | 07/01/40 | 2.04% | 103.68 | 101.60 | 8 |
8 | OHIO ST AIR QUALITY D | 5.000% | 07/01/49 | 2.02% | 90.29 | 88.50 | 6 |
9 | MO DEV FIN BD-C-REF | 4.000% | 03/01/40 | 1.95% | 87.51 | 85.84 | 3 |
10 | HEMPSTEAD LOCAL DEV-A | 4.000% | 07/01/38 | 1.87% | 97.60 | 95.80 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 6/13/25-6/20/25
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | RI RISHGR 5.00 09/01/2033 | 5.000% | 09/01/33 | -5.99% | 104.51 | 111.16 | 4 |
2 | CA CA UNVHGR 05/15/2054 4.00 05/15/2055 | 4.000% | 05/15/55 | -5.54% | 87.34 | 92.46 | 18 |
3 | CA BAYTRN 4.00 04/01/2056 | 4.000% | 04/01/56 | -5.48% | 87.72 | 92.81 | 2 |
4 | TX CLIEDU 4.00 08/15/2049 | 4.000% | 08/15/49 | -5.40% | 87.15 | 92.12 | 2 |
5 | MN MN MNSHGR 5 10/01/2035 4.13 10/01/2053 | 4.125% | 10/01/53 | -5.11% | 85.69 | 90.31 | 3 |
6 | OR MFDMED 4.00 08/15/2039 | 4.000% | 08/15/39 | -4.93% | 94.81 | 99.73 | 2 |
7 | WI WISMED 3.00 08/15/2051 | 3.000% | 08/15/51 | -4.36% | 69.23 | 72.38 | 2 |
8 | NY PORTRN 4.00 11/01/2047 | 4.000% | 11/01/47 | -3.75% | 82.92 | 86.15 | 3 |
9 | TX LBHSCD 4.25 02/01/2057 | 4.250% | 02/01/57 | -3.65% | 89.69 | 93.09 | 2 |
10 | NC NCSEDU 3.50 01/01/2048 | 3.500% | 01/01/48 | -3.43% | 76.04 | 78.74 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 6/13/25-6/20/25
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | UT | -26 bps | 3.86% | 4.12% |
2 | DE | -24 bps | 3.59% | 3.83% |
3 | ME | -21 bps | 3.85% | 4.06% |
4 | OK | -14 bps | 3.82% | 3.96% |
5 | SD | -12 bps | 3.80% | 3.92% |
6 | MO | -11 bps | 4.03% | 4.15% |
7 | NY | -11 bps | 4.01% | 4.11% |
8 | VT | -10 bps | 3.87% | 3.97% |
9 | CO | -10 bps | 3.90% | 3.99% |
10 | KS | -9 bps | 4.05% | 4.14% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 6/13/25-6/20/25
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | WV | 28 bps | 3.98% | 3.69% |
2 | MS | 20 bps | 4.26% | 4.06% |
3 | SC | 10 bps | 4.03% | 3.93% |
4 | IN | 10 bps | 3.83% | 3.73% |
5 | RI | 10 bps | 3.97% | 3.87% |
6 | TN | 9 bps | 4.01% | 3.92% |
7 | KY | 9 bps | 4.23% | 4.14% |
8 | LA | 8 bps | 4.07% | 3.99% |
9 | ND | 4 bps | 3.97% | 3.93% |
10 | AZ | 3 bps | 3.99% | 3.95% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 6/13/25-6/20/25 (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 6/13/25-6/20/25 (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 6/13/25-6/20/25 (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 6/13/25-6/20/25

Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 6/13/25 vs. the week ending 6/20/25
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | AUSTIN TX ARPT SYS RE | 5.000% | 11/15/44 | 20 | 110 | 90 | 450% |
2 | TEXAS ST WTR DEV BRD | 4.000% | 04/15/51 | 13 | 95 | 82 | 631% |
3 | SAN FRANCISCO PUB -A | 4.000% | 11/01/51 | 21 | 97 | 76 | 362% |
4 | TENNESSEE ST SCH BOND | 5.000% | 11/01/47 | 90 | 151 | 61 | 68% |
5 | NEW YORK CITY TRANS-C | 5.000% | 05/01/34 | 36 | 95 | 59 | 164% |
6 | BOONE FLORENCE WTR-A | 4.000% | 12/01/54 | 15 | 74 | 59 | 393% |
7 | NORTH CAROLINA ST GRANT ANTIC | 5.000% | 03/01/31 | 5 | 62 | 57 | 1140% |
8 | DASNY-A-REF | 5.000% | 05/01/35 | 28 | 84 | 56 | 200% |
9 | SAN ANTONIO-REV-C-REF | 5.000% | 02/01/27 | 5 | 61 | 56 | 1120% |
10 | HUMBLE ISD | 4.000% | 02/15/54 | 48 | 104 | 56 | 117% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 6/13/25 – 6/20/25
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | NEW YORK CITY TRANSITIONAL FIN | 5.250% | 05/01/48 | 48 |
2 | PORT AUTH N Y & N J | 5.000% | 01/15/50 | 47 |
3 | STOCKTON CALIF UNI SCH DIST | 5.000% | 08/01/49 | 45 |
4 | NEW HAVEN CALIF UNI SCH DIST | 4.500% | 08/01/54 | 43 |
5 | NEW YORK CITY TRANSITIONAL FIN | 5.000% | 05/01/45 | 43 |
6 | NEW YORK CITY TRANSITIONAL FIN | 5.500% | 05/01/53 | 43 |
7 | SAN RAFAEL CALIF CITY HIGH SCH | 5.250% | 08/01/54 | 42 |
8 | NYC TRANSITIONAL-H-1 | 5.000% | 11/01/50 | 42 |
9 | NEW JERSEY ST TPK AUTH TPK REV | 5.000% | 01/01/44 | 41 |
10 | MASSACHUSETTS ST TRAN | 5.000% | 06/01/49 | 41 |
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