Municipals
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Municipal Bond Market Summary:
Week Ending 8/1/25
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 7/25/25-8/1/25
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | COLUMBUS OH REGL ARPT | 4.199% | 12/15/48 | 7.62% | 81.88 | 76.09 | 3 |
2 | DALLAS TX AREA RAPID | 2.816% | 12/01/42 | 5.95% | 75.91 | 71.65 | 15 |
3 | LOS ANGELES USD-A | 4.000% | 07/01/40 | 3.89% | 97.85 | 94.19 | 5 |
4 | CHICAGO O’HARE ARPT-A | 4.375% | 01/01/53 | 3.79% | 88.39 | 85.16 | 2 |
5 | TISBURY TWN | 4.250% | 03/15/53 | 3.71% | 91.45 | 88.18 | 2 |
6 | NY ST TRANS DEV CORP | 5.000% | 12/01/41 | 3.61% | 102.79 | 99.21 | 2 |
7 | RIVERSIDE CCD-A | 4.000% | 08/01/54 | 3.25% | 88.23 | 85.46 | 24 |
8 | SANTA MONICA-MALIBU-A | 4.250% | 08/01/52 | 3.21% | 95.06 | 92.11 | 38 |
9 | NY & NJ PORT AUTH | 3.175% | 07/15/60 | 2.84% | 63.98 | 62.21 | 4 |
10 | UNIV OF CA-J-REF-TXBL | 4.131% | 05/15/45 | 2.83% | 86.38 | 84.01 | 4 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 7/25/25-8/1/25
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | CA CASFIN 4.00 10/01/2049 | 4.000% | 10/01/49 | -7.14% | 86.05 | 92.67 | 8 |
2 | TX NLK 5.00 02/15/2037 | 5.000% | 02/15/37 | -7.03% | 100.00 | 107.57 | 23 |
3 | CA FULSCD 4.00 08/01/2054 | 4.000% | 08/01/54 | -5.75% | 91.19 | 96.75 | 10 |
4 | MI MISFIN 3.00 12/01/2049 | 3.000% | 12/01/49 | -4.94% | 67.28 | 70.78 | 4 |
5 | CA MODSCD 4.00 08/01/2052 | 4.000% | 08/01/52 | -4.43% | 92.23 | 96.50 | 9 |
6 | CA KENSCD 4.00 08/01/2049 | 4.000% | 08/01/49 | -4.10% | 92.43 | 96.37 | 8 |
7 | NY NYTTRN 4.63 06/30/2054 | 4.625% | 06/30/54 | -4.08% | 89.39 | 93.20 | 9 |
8 | CA SLSSCD 4.00 08/01/2053 | 4.000% | 08/01/53 | -4.01% | 92.08 | 95.93 | 8 |
9 | PA CHEDEV 4.00 12/01/2046 | 4.000% | 12/01/46 | -3.48% | 85.92 | 89.01 | 3 |
10 | WI WISMED 4.00 08/15/2047 | 4.000% | 08/15/47 | -3.43% | 86.73 | 89.81 | 8 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 7/25/25-8/1/25
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | NM | -42 bps | 3.34% | 3.77% |
2 | GA | -25 bps | 3.91% | 4.16% |
3 | NJ | -9 bps | 3.92% | 4.01% |
4 | IN | -9 bps | 3.93% | 4.02% |
5 | CT | -7 bps | 3.92% | 3.99% |
6 | NH | -7 bps | 3.90% | 3.97% |
7 | NE | -6 bps | 4.01% | 4.06% |
8 | AK | -5 bps | 3.56% | 3.61% |
9 | VA | -4 bps | 3.94% | 3.99% |
10 | RI | -3 bps | 3.93% | 3.96% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 7/25/25-8/1/25
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | AR | 53 bps | 4.65% | 4.12% |
2 | OK | 45 bps | 4.24% | 3.80% |
3 | HI | 31 bps | 4.13% | 3.81% |
4 | ME | 24 bps | 4.15% | 3.91% |
5 | MD | 22 bps | 3.93% | 3.71% |
6 | ND | 17 bps | 4.00% | 3.83% |
7 | AL | 17 bps | 4.32% | 4.15% |
8 | WI | 12 bps | 4.02% | 3.90% |
9 | MS | 12 bps | 4.13% | 4.02% |
10 | WV | 9 bps | 3.88% | 3.79% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/25/25-8/1/25 (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 7/25/25-8/1/25 (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 7/25/25-8/1/25 (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 7/25/25-8/1/25

Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/25/25 vs. the week ending 8/1/25
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | SAN ANTONIO-B-REF | 5.000% | 02/01/54 | 26 | 118 | 92 | 354% |
2 | UNIV OF CALIFORNIA CA | 5.000% | 05/15/40 | 11 | 88 | 77 | 700% |
3 | UNIV OF CALIFORNIA-Q | 4.000% | 05/15/36 | 15 | 90 | 75 | 500% |
4 | CALIFORNIA ST PUBLIC | 5.000% | 11/01/46 | 31 | 105 | 74 | 239% |
5 | UNIV OF TEXAS UNIV-A | 3.500% | 08/15/50 | 15 | 88 | 73 | 487% |
6 | DASNY-A-REV | 5.000% | 03/15/55 | 29 | 99 | 70 | 241% |
7 | PROSPER ISD | 5.000% | 02/15/36 | 15 | 84 | 69 | 460% |
8 | HURST-EULESS-BEDFORD | 5.000% | 08/15/43 | 30 | 96 | 66 | 220% |
9 | PUERTO RICO AQUEDUCT- | 5.000% | 07/01/33 | 21 | 87 | 66 | 314% |
10 | SPRING ISD | 5.000% | 08/15/47 | 28 | 85 | 57 | 204% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/25/25-8/1/25
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | SAN FRANCISCO PUB-D | 5.000% | 11/01/55 | 60 |
2 | PA ST TRNPK-B | 5.000% | 12/01/48 | 52 |
3 | SEATTLE MUNI-REF-REV | 5.250% | 02/01/55 | 51 |
4 | WA MET AREA TRANSIT-A | 5.000% | 07/15/60 | 49 |
5 | IL ST TOLL HWY -A-REV | 5.000% | 01/01/39 | 46 |
6 | NJ TPK AUTH-B | 5.000% | 01/01/34 | 46 |
7 | FL ST TRANSPRTN-B | 5.000% | 07/01/55 | 46 |
8 | CA INFRA & ECON DEV | 5.000% | 05/15/50 | 45 |
9 | TARRANT CNTY TX CULTU | 5.000% | 11/15/51 | 45 |
10 | CA ST UNIV-A-REF | 5.250% | 11/01/50 | 44 |
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