Municipals
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Municipal Bond Market Summary:
Week Ending 7/11/25
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 7/3/25-7/11/25
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | MAINE ST HSG AUTH-C | 1.800% | 11/15/33 | 3.98% | 82.43 | 79.27 | 2 |
2 | ROYSE CITY ISD-REF | 4.000% | 08/15/41 | 3.63% | 97.64 | 94.22 | 3 |
3 | CONNECTICUT ST-B-1 | 4.000% | 01/15/43 | 3.35% | 96.57 | 93.45 | 10 |
4 | NEWTON-REF | 3.250% | 09/01/42 | 3.33% | 84.69 | 81.96 | 6 |
5 | MIAMI BEACH HLTH FACS | 4.000% | 11/15/46 | 3.33% | 87.55 | 84.73 | 8 |
6 | CHATTANOOGA TN HLTH | 4.000% | 08/01/44 | 2.88% | 88.05 | 85.58 | 4 |
7 | MA BAY TRANS AUTH-A | 5.000% | 07/01/43 | 2.78% | 108.43 | 105.51 | 2 |
8 | BEDFORD AREA SD | 4.750% | 04/15/50 | 2.71% | 98.80 | 96.19 | 4 |
9 | MN HGR EDU FACS-8I | 3.625% | 10/01/35 | 2.59% | 98.72 | 96.23 | 2 |
10 | WILLISTON-B-REF | 1.000% | 05/01/34 | 2.58% | 77.09 | 75.15 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 7/3/25-7/11/25
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | KS UNIMED 4.00 09/01/2048 | 4.000% | 09/01/48 | -3.87% | 85.45 | 88.89 | 3 |
2 | NJ SJPTRN 4.63 11/01/2047 | 4.625% | 11/01/47 | -3.54% | 95.33 | 98.83 | 3 |
3 | PA NFY 2.50 04/15/2043 | 2.500% | 04/15/43 | -3.48% | 67.83 | 70.27 | 2 |
4 | CA SDGHGR 4.00 08/01/2050 | 4.000% | 08/01/50 | -3.47% | 89.99 | 93.22 | 6 |
5 | MD HWRHSG 4.00 12/01/2047 | 4.000% | 12/01/47 | -3.46% | 84.60 | 87.63 | 3 |
6 | GA COBMED 4.00 04/01/2052 | 4.000% | 04/01/52 | -3.37% | 84.92 | 87.88 | 2 |
7 | NJ NJSEDU 3.96 07/01/2048 | 3.958% | 07/01/48 | -3.24% | 74.79 | 77.29 | 2 |
8 | MI MISFIN 4.00 03/01/2051 | 4.000% | 03/01/51 | -3.24% | 85.53 | 88.40 | 2 |
9 | TX WHRUTL 2.13 08/01/2041 | 2.125% | 08/01/41 | -3.23% | 64.40 | 66.55 | 2 |
10 | TX SANEDU 3.15 04/01/2037 | 3.150% | 04/01/37 | -3.23% | 76.74 | 79.31 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 7/3/25-7/11/25
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | ND | -23 bps | 3.73% | 3.96% |
2 | WV | -18 bps | 3.73% | 3.91% |
3 | KY | -15 bps | 3.90% | 4.05% |
4 | DC | -14 bps | 3.82% | 3.97% |
5 | DE | -11 bps | 3.38% | 3.49% |
6 | NM | -11 bps | 3.57% | 3.68% |
7 | IN | -10 bps | 3.94% | 4.04% |
8 | VA | -10 bps | 3.78% | 3.88% |
9 | SC | -8 bps | 3.78% | 3.86% |
10 | NH | -7 bps | 3.80% | 3.88% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 7/3/25-7/11/25
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | AK | 22 bps | 3.74% | 3.52% |
2 | HI | 13 bps | 4.15% | 4.02% |
3 | RI | 13 bps | 4.13% | 4.01% |
4 | VT | 11 bps | 3.74% | 3.62% |
5 | AR | 11 bps | 4.03% | 3.92% |
6 | FL | 10 bps | 4.03% | 3.93% |
7 | NV | 9 bps | 4.16% | 4.06% |
8 | NE | 9 bps | 3.85% | 3.76% |
9 | AZ | 9 bps | 4.09% | 4.00% |
10 | TX | 8 bps | 4.12% | 4.04% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/3/25-7/11/25 (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 7/3/25-7/11/25 (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 7/3/25-7/11/25 (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 7/3/25-7/11/25

Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/3/25 vs. the week ending 7/11/25
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | PA ST TRNPK-B | 5.000% | 12/01/48 | 139 | 221 | 82 | 59% |
2 | GAINESVILLE & HALL CO | 5.000% | 10/15/34 | 35 | 116 | 81 | 231% |
3 | HAMPTON TWP | 4.000% | 01/01/42 | 65 | 139 | 74 | 114% |
4 | MIAMI-DADE CO-A-REF | 5.000% | 07/01/42 | 30 | 103 | 73 | 243% |
5 | CALIFORNIA MUNI FIN | 5.000% | 07/01/42 | 5 | 77 | 72 | 1440% |
6 | CO HLTH FACS A-A-REF | 5.000% | 12/01/39 | 36 | 104 | 68 | 189% |
7 | SC TRANSPRTN BANK-A | 4.000% | 10/01/33 | 50 | 117 | 67 | 134% |
8 | HOWE ISD | 5.000% | 02/15/44 | 43 | 106 | 63 | 147% |
9 | UNIV KS HOSP AUTH-A | 5.000% | 09/01/48 | 83 | 145 | 62 | 75% |
10 | CHINO VLY SD-CIBS-D | 5.000% | 08/01/49 | 5 | 67 | 62 | 1240% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/3/25-7/11/25
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | SAN FRANCISCO PUB-D | 5.000% | 11/01/55 | 50 |
2 | PA ST TRNPK-B | 5.000% | 12/01/48 | 49 |
3 | IL ST TOLL HWY -A-REV | 5.000% | 01/01/39 | 46 |
4 | CA INFRA & ECON DEV | 5.000% | 05/15/50 | 46 |
5 | TARRANT CNTY TX CULTU | 5.000% | 11/15/51 | 43 |
6 | FL ST TRANSPRTN-B | 5.000% | 07/01/55 | 43 |
7 | NJ TPK AUTH-B | 5.000% | 01/01/39 | 42 |
8 | NJ TPK AUTH-B | 5.000% | 01/01/34 | 42 |
9 | PENNSYLVANIA CMWLTH-A | 5.000% | 08/15/34 | 42 |
10 | SEATTLE MUNI-REF-REV | 5.250% | 02/01/55 | 42 |
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