Municipal Bond Market Summary – Week Ending 1/24/25
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Municipal Bond Market Summary: Week Ending 1/24/25
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 1/17/25-1/24/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | MASSACHUSETTS ST DEV | 3.000% | 10/01/45 | 5.85% | 79.14 | 74.76 | 10 |
| 2 | CALIFORNIA ST UNIV-B | 2.795% | 11/01/41 | 4.61% | 70.82 | 67.70 | 3 |
| 3 | MIAMI BEACH | 3.250% | 05/01/49 | 3.10% | 82.48 | 80.00 | 2 |
| 4 | CA HLTH FACS-A2 | 5.000% | 11/01/47 | 3.06% | 118.74 | 115.22 | 5 |
| 5 | ALDINE ISD | 4.000% | 02/15/54 | 2.93% | 96.99 | 94.23 | 7 |
| 6 | MET TRANSPRTN AUTH NY | 4.000% | 11/15/45 | 2.82% | 95.39 | 92.78 | 9 |
| 7 | PORTAGE PUB SCHS | 4.000% | 11/01/45 | 2.79% | 96.17 | 93.56 | 16 |
| 8 | PORTLAND REV -A | 2.125% | 03/01/40 | 2.74% | 72.60 | 70.66 | 2 |
| 9 | NASSAU CNTY-REF-A | 3.500% | 01/01/37 | 2.71% | 95.56 | 93.03 | 2 |
| 10 | NEW YORK ST DORM AUTH | 4.000% | 02/15/44 | 2.57% | 97.68 | 95.24 | 3 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 1/17/25-1/24/25
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | TX SANEDU 4.00 04/01/2051 | 4.000% | 04/01/51 | -3.61% | 77.40 | 80.30 | 2 |
| 2 | NY NYSHGR 4.85 07/01/2048 | 4.850% | 07/01/48 | -3.46% | 90.74 | 93.99 | 7 |
| 3 | NJ NEWHGR 3.42 07/01/2042 | 3.415% | 07/01/42 | -3.13% | 80.99 | 83.61 | 2 |
| 4 | TN RUT 3.13 04/01/2033 | 3.125% | 04/01/33 | -2.90% | 95.20 | 98.04 | 2 |
| 5 | OH CHIMED 4.00 12/01/2042 | 4.000% | 12/01/42 | -2.79% | 92.55 | 95.20 | 3 |
| 6 | IL SPRUTL 3.27 01/01/2037 | 3.272% | 01/01/37 | -2.75% | 80.32 | 82.59 | 6 |
| 7 | CA LOSUTL 5.00 07/01/2036 | 5.000% | 07/01/36 | -2.75% | 107.74 | 110.78 | 2 |
| 8 | MI MISFIN 4.00 02/15/2047 | 4.000% | 02/15/47 | -2.55% | 94.53 | 97.00 | 4 |
| 9 | NY EFI 3.50 12/15/2042 | 3.500% | 12/15/42 | -2.55% | 93.32 | 95.76 | 2 |
| 10 | TN GAL 3.00 01/01/2031 | 3.000% | 01/01/31 | -2.44% | 93.94 | 96.29 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 1/17/25-1/24/25
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | HI | -29 bps | 3.89% | 4.18% |
| 2 | CO | -27 bps | 3.88% | 4.14% |
| 3 | VA | -24 bps | 3.73% | 3.96% |
| 4 | GA | -20 bps | 3.64% | 3.85% |
| 5 | RI | -17 bps | 3.81% | 3.98% |
| 6 | NV | -15 bps | 3.88% | 4.03% |
| 7 | OR | -13 bps | 3.87% | 4.00% |
| 8 | OK | -13 bps | 3.76% | 3.89% |
| 9 | NH | -13 bps | 3.79% | 3.92% |
| 10 | MD | -12 bps | 3.88% | 4.01% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 1/17/25-1/24/25
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | WV | 7 bps | 4.06% | 3.99% |
| 2 | NM | 7 bps | 4.07% | 4.00% |
| 3 | KS | 6 bps | 4.20% | 4.14% |
| 4 | LA | 6 bps | 4.04% | 3.98% |
| 5 | UT | 5 bps | 3.80% | 3.75% |
| 6 | SD | 4 bps | 3.82% | 3.78% |
| 7 | IL | 4 bps | 4.21% | 4.18% |
| 8 | AL | 3 bps | 4.22% | 4.19% |
| 9 | KY | 2 bps | 4.03% | 4.01% |
| 10 | WA | 2 bps | 4.03% | 4.01% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 1/17/25-1/24/25 (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 1/17/25-1/24/25 (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 1/17/25-1/24/25 (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 1/17/25-1/24/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 1/17/25 vs. the week ending 1/24/25
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | GAINESVILLE & HALL CO | 5.000% | 10/15/34 | 51 | 134 | 83 | 163% |
| 2 | NYC TRANS FIN-S1B | 4.000% | 07/15/42 | 2 | 64 | 62 | 3100% |
| 3 | ALEXANDRIA-A | 2.000% | 07/15/29 | 22 | 83 | 61 | 277% |
| 4 | OHIO ST | 5.000% | 12/15/27 | 12 | 69 | 57 | 475% |
| 5 | CT ST SER B-BUILD AM | 5.632% | 12/01/29 | 11 | 66 | 55 | 500% |
| 6 | CONNECTICUT ST-B-REV- | 5.000% | 07/01/28 | 22 | 76 | 54 | 245% |
| 7 | COWETA CO GA WTR-B | 2.125% | 06/01/46 | 12 | 64 | 52 | 433% |
| 8 | ALVIN ISD-REF | 3.000% | 02/15/39 | 23 | 75 | 52 | 226% |
| 9 | CHAMBERS CO-CTFS OBLG | 5.000% | 03/01/35 | 2 | 54 | 52 | 2600% |
| 10 | MAINE MUNI BOND-REF-C | 5.000% | 11/01/27 | 13 | 65 | 52 | 400% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 1/17/25 – 1/24/25
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | NEW YORK CITY TRANSITIONAL FIN | 5.000% | 11/01/53 | 52 |
| 2 | NEW YORK CITY TRANSITIONAL FIN | 5.500% | 11/01/49 | 50 |
| 3 | NJ TRANSPRTN TRUST-CC | 4.125% | 06/15/50 | 40 |
| 4 | TRIBOROUGH BRIDGE-A-1 | 5.000% | 05/15/51 | 40 |
| 5 | NEW YORK CITY TRANSITIONAL FIN | 5.000% | 11/01/39 | 39 |
| 6 | NEW YORK CITY TRANSITIONAL FIN | 5.000% | 11/01/42 | 39 |
| 7 | MANSFIELD ECON DEV | 4.000% | 08/01/49 | 38 |
| 8 | HILLSBOROUGH CNTY-C | 5.000% | 11/15/34 | 38 |
| 9 | DASNY-A-REF-REV | 5.500% | 07/01/54 | 38 |
| 10 | NEW YORK CITY TRANSITIONAL FIN | 5.000% | 11/01/44 | 37 |
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