Municipal Bond Market Summary – Week Ending 2/6/26
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 1/30/26-2/6/26
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | GS 5.065 1/21/2037 | 4.84% | 01/21/2037 | 44 |
| 2 | TOYOTA 4.2 1/10/2031 | 4.20% | 01/10/2031 | 41 |
| 3 | HSBC 8 PERP | 7.54% | NULL | 41 |
| 4 | HSBC 6 PERP | 6.00% | NULL | 39 |
| 5 | GM 5.45 1/8/2036 | 5.45% | 01/08/2036 | 39 |
| 6 | ACAFP 5.261 1/12/2037 REGS | 5.08% | 01/12/2037 | 39 |
| 7 | ACAFP 5.261 1/12/2037 144A | 5.08% | 01/12/2037 | 39 |
| 8 | AMAZON 11/20/2035 | 4.65% | 11/20/2035 | 39 |
| 9 | MUFG 4.505 1/14/2032 | 4.27% | 01/14/2032 | 38 |
| 10 | JPM 1/22/2037 | 4.72% | 01/22/2037 | 38 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 1/30/26-2/6/26
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | LANCASTER CNTY PA HOS | 4.000% | 08/15/45 | ▼ -4.78% | 94.61 | 99.36 | 2 |
| 2 | CHICAGO IL WSTWTR TRA | 4.000% | 01/01/52 | ▼ -4.75% | 89.00 | 93.44 | 2 |
| 3 | MARTINEZ USD | 4.000% | 08/01/48 | ▼ -3.95% | 95.31 | 99.23 | 2 |
| 4 | DOUGLAS CNTY NE EDUCT | 3.000% | 07/01/51 | ▼ -3.82% | 70.20 | 72.99 | 2 |
| 5 | MASSACHUSETTS ST-D | 4.000% | 02/01/47 | ▼ -3.33% | 94.58 | 97.84 | 2 |
| 6 | NEW YORK ST HSG FIN A | 3.150% | 11/01/54 | ▼ -3.18% | 74.50 | 76.95 | 3 |
| 7 | VENTURA UNIF SD -A | 4.000% | 08/01/52 | ▼ -2.59% | 93.97 | 96.47 | 8 |
| 8 | SONTERRA MUD-REF | 3.000% | 08/15/36 | ▼ -2.47% | 94.36 | 96.76 | 2 |
| 9 | WI HLTH & EDU FACS-A | 4.375% | 11/01/39 | ▼ -2.34% | 102.07 | 104.52 | 13 |
| 10 | EASTON ASD | 4.000% | 04/01/32 | ▼ -2.29% | 102.45 | 104.85 | 4 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 1/30/26-2/6/26
| Rank | State | Change | YLD | YLD-1W |
| 1 | NM | ▼ 19 bps | 3.26% | 3.45% |
| 2 | IN | ▼ 19 bps | 3.09% | 3.28% |
| 3 | NE | ▼ 14 bps | 3.15% | 3.29% |
| 4 | MS | ▼ 14 bps | 3.52% | 3.66% |
| 5 | AL | ▼ 13 bps | 3.56% | 3.68% |
| 6 | CA | ▼ 12 bps | 3.44% | 3.55% |
| 7 | NC | ▼ 11 bps | 2.99% | 3.10% |
| 8 | FL | ▼ 10 bps | 3.22% | 3.32% |
| 9 | KS | ▼ 9 bps | 3.31% | 3.40% |
| 10 | WA | ▼ 9 bps | 3.30% | 3.39% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 1/30/26-2/6/26
| Rank | State | Change | YLD | YLD-1W |
| 1 | SC | ▲ 12 bps | 3.33% | 3.21% |
| 2 | MT | ▲ 11 bps | 3.42% | 3.31% |
| 3 | AK | ▲ 10 bps | 3.37% | 3.27% |
| 4 | MN | ▲ 5 bps | 3.32% | 3.27% |
| 5 | NJ | ▲ 4 bps | 3.31% | 3.27% |
| 6 | AR | ▲ 4 bps | 3.59% | 3.56% |
| 7 | IL | ▲ 3 bps | 3.62% | 3.60% |
| 8 | CO | ▲ 2 bps | 3.41% | 3.39% |
| 9 | ND | ▲ 1 bps | 3.23% | 3.22% |
| 10 | MD | ▲ 1 bps | 3.02% | 3.01% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 1/30/26-2/6/26 (General Obligation and Revenue Bonds). Results are based on 6 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 1/30/26-2/6/26 (General Obligation Bonds only). Results are based on 6 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 1/30/26-2/6/26 (Revenue Bonds only). Results are based on 6 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 1/30/26-2/6/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 1/30/26 vs. the week ending 2/6/26
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | NY ST TWY AUTH-B | 5.000% | 03/15/55 | 105 | 221 | 116 | 110% |
| 2 | ARKANSAS DEV FIN AUTH | 5.000% | 06/01/42 | 20 | 119 | 99 | 495% |
| 3 | NYC TRANSITIONAL-A-1 | 5.250% | 05/01/48 | 117 | 215 | 98 | 84% |
| 4 | HUDSON NY YARDS INFRA | 4.000% | 02/15/44 | 50 | 130 | 80 | 160% |
| 5 | TX UNIV SYS BRD RGTS | 2.250% | 03/15/50 | 4 | 81 | 77 | 1925% |
| 6 | MARYLAND ST-A-1ST SER | 5.000% | 06/01/31 | 54 | 128 | 74 | 137% |
| 7 | NY TRANS FIN AUTH-C | 5.000% | 11/01/44 | 131 | 205 | 74 | 56% |
| 8 | LUCIA MAR USD-C BAM | 3.000% | 08/01/47 | 72 | 146 | 74 | 103% |
| 9 | CA INFRA & ECON DEV-B | 4.000% | 11/01/45 | 7 | 80 | 73 | 1043% |
| 10 | NY TRANSITIONAL FIN-B | 5.250% | 05/01/48 | 229 | 302 | 73 | 32% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 1/30/26-2/6/26
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | TX WTR DEV BRD | 4.750% | 10/15/55 | 62 |
| 2 | NY TRANSITIONAL FIN-B | 5.250% | 05/01/48 | 61 |
| 3 | NY TRANSITIONAL FIN-B | 5.000% | 05/01/51 | 60 |
| 4 | PROSPER ISD-REF | 5.250% | 02/15/55 | 54 |
| 5 | NY ST THRUWAY AUTH-A | 5.000% | 01/01/35 | 52 |
| 6 | NEW YORK-D | 5.250% | 10/01/51 | 52 |
| 7 | KY PUB ENERGY AUTH-C | 5.000% | 05/01/36 | 51 |
| 8 | SAN DIEGO UNIF SD-C-3 | 5.000% | 07/01/50 | 49 |
| 9 | BLACK BELT ENERGY GAS | 5.000% | 12/01/35 | 48 |
| 10 | BATTERY PARK-REF | 5.000% | 11/01/50 | 47 |
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