Municipals
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Municipal Bond Market Summary:
Week Ending 8/29/25
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 8/22/25-8/29/25
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | LOS ANGELES CCD-REF | 2.336% | 08/01/33 | 6.98% | 87.11 | 81.42 | 7 |
2 | SPANISH FORK-REV | 2.000% | 09/01/36 | 6.88% | 80.32 | 75.14 | 9 |
3 | RICHMOND-REF-A | 2.000% | 07/15/36 | 6.01% | 80.73 | 76.15 | 10 |
4 | PARK -REV-REF | 2.000% | 12/15/36 | 5.69% | 79.60 | 75.31 | 8 |
5 | SANDY SPRINGS-B | 2.000% | 05/01/36 | 5.52% | 81.24 | 76.99 | 10 |
6 | MASSACHUSETTS ST DEV | 3.000% | 10/01/45 | 4.77% | 73.70 | 70.35 | 9 |
7 | PORT CHESTER-RYE UN F | 2.000% | 06/01/35 | 3.36% | 81.84 | 79.18 | 5 |
8 | ESTRN MI UNIV-A-UNREF | 4.000% | 03/01/44 | 3.28% | 88.44 | 85.63 | 2 |
9 | VIRGINIA CLG BLDG AUT | 4.000% | 02/01/40 | 3.21% | 97.32 | 94.29 | 5 |
10 | HOWARD CNTY-A | 2.000% | 08/15/34 | 2.98% | 85.41 | 82.94 | 7 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 8/22/25-8/29/25
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | TX HTVSCD 3.00 02/15/2033 | 3.000% | 02/15/33 | -4.45% | 91.52 | 95.78 | 2 |
2 | CA CASGEN 5.00 04/01/2038 | 5.000% | 04/01/38 | -4.16% | 105.71 | 110.30 | 2 |
3 | WI WISMED 4.50 02/15/2054 | 4.500% | 02/15/54 | -3.76% | 92.50 | 96.12 | 10 |
4 | NY OWG 4.00 04/15/2045 | 4.000% | 04/15/45 | -3.74% | 94.23 | 97.89 | 8 |
5 | NJ PAVWTR 4.00 12/01/2053 | 4.000% | 12/01/53 | -3.68% | 89.49 | 92.91 | 8 |
6 | TX MONUTL 3.50 09/01/2042 | 3.500% | 09/01/42 | -3.68% | 79.13 | 82.15 | 2 |
7 | MD MDSDEV 1.80 09/01/2036 | 1.800% | 09/01/36 | -3.57% | 73.60 | 76.33 | 2 |
8 | CA CDAHSG 4.00 07/01/2058 | 4.000% | 07/01/58 | -3.44% | 57.95 | 60.01 | 5 |
9 | KS CLE 4.25 10/01/2045 | 4.250% | 10/01/45 | -3.09% | 96.26 | 99.33 | 4 |
10 | NJ MTCSCD 4.00 01/15/2043 | 4.000% | 01/15/43 | -2.79% | 94.41 | 97.12 | 10 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 8/22/25-8/29/25
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | WY | -23 bps | 3.80% | 4.03% |
2 | CT | -18 bps | 3.80% | 3.98% |
3 | ME | -13 bps | 3.91% | 4.04% |
4 | TN | -13 bps | 3.94% | 4.07% |
5 | RI | -12 bps | 4.05% | 4.17% |
6 | IA | -8 bps | 4.06% | 4.15% |
7 | SD | -8 bps | 4.23% | 4.30% |
8 | CA | -7 bps | 4.08% | 4.14% |
9 | MT | -6 bps | 4.17% | 4.24% |
10 | WI | -6 bps | 3.90% | 3.96% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 8/22/25-8/29/25
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | AK | 24 bps | 4.20% | 3.96% |
2 | VT | 19 bps | 4.16% | 3.97% |
3 | WV | 16 bps | 4.32% | 4.16% |
4 | ID | 9 bps | 4.28% | 4.20% |
5 | HI | 8 bps | 4.27% | 4.18% |
6 | WA | 8 bps | 4.09% | 4.01% |
7 | MD | 7 bps | 4.06% | 3.99% |
8 | DE | 6 bps | 3.99% | 3.93% |
9 | NE | 5 bps | 4.05% | 4.01% |
10 | AR | 4 bps | 4.15% | 4.11% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 8/22/25-8/29/25 (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 8/22/25-8/29/25 (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 8/22/25-8/29/25 (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 8/22/25-8/29/25

Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 8/22/25 vs. the week ending 8/29/25
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | NY ST TWY AUTH-A | 5.000% | 03/15/46 | 61 | 166 | 105 | 172% |
2 | SALT RIVER-A-REF | 5.000% | 01/01/42 | 20 | 97 | 77 | 385% |
3 | FAIRFIELD ISD | 5.000% | 08/15/36 | 21 | 95 | 74 | 352% |
4 | FAIRFIELD ISD | 5.250% | 08/15/55 | 13 | 86 | 73 | 562% |
5 | PARK -REV-REF | 2.000% | 12/15/37 | 2 | 70 | 68 | 3400% |
6 | CALIFORNIA STWD CMNTY | 5.000% | 07/01/42 | 23 | 89 | 66 | 287% |
7 | CALIFORNIA STWD CMNTY | 5.000% | 07/01/43 | 23 | 89 | 66 | 287% |
8 | NYC MUNI WTR FIN-DD | 5.250% | 06/15/47 | 126 | 190 | 64 | 51% |
9 | DASNY -A -REF -GROUP | 4.000% | 03/15/47 | 39 | 101 | 62 | 159% |
10 | WESLACO ISD | 5.000% | 02/15/41 | 38 | 96 | 58 | 153% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 8/22/25-8/29/25
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | NY ST TWY AUTH-A | 5.000% | 03/15/49 | 54 |
2 | MA ST BAY AUTH-SER B | 4.750% | 07/01/55 | 50 |
3 | GLENDALE | 5.000% | 02/01/52 | 50 |
4 | HIDALGO CO CTFS OBLIG | 5.000% | 08/15/55 | 48 |
5 | WALLER ISD | 5.250% | 02/15/56 | 46 |
6 | VENUS ISD-REF | 5.250% | 08/15/50 | 46 |
7 | TRIB BRIDGE-A-1 | 5.000% | 11/15/47 | 45 |
8 | TN ENERGY ACQ CORP-A | 5.000% | 12/01/35 | 45 |
9 | SAN FRANCISCO PUB-D | 5.000% | 11/01/55 | 45 |
10 | PINAL CO AZ-REV OBLIG | 5.250% | 08/01/55 | 45 |
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