Municipal Bond Market Summary – Week Ending 2/27/26
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 2/20/26-2/27/26
| Rank | Bond Name | Coupon | Maturity | Dealers |
| 1 | MA CMWLTH-B | 3.00% | 04/01/2047 | 10 |
| 2 | BRECKSVILLE OH | 3.00% | 12/01/2043 | 2 |
| 3 | MD CMNTY DEV ADMIN | 3.00% | 03/01/2042 | 2 |
| 4 | FLORIDA ST DOT-B | 2.63% | 07/01/2036 | 5 |
| 5 | CMC ACADEMIC CO CLG | 4.00% | 08/01/2047 | 2 |
| 6 | MT FAC FIN AUTH | 3.63% | 06/01/2043 | 3 |
| 7 | TAMPA HLTH SYS-A | 4.00% | 11/15/2046 | 12 |
| 8 | MET TRANSPRTN AUTH-D3 | 4.00% | 11/15/2049 | 7 |
| 9 | DAVIE FL WTR & SWR | 3.50% | 10/01/2042 | 2 |
| 10 | DULUTH ECO DEV AUTH-A | 4.25% | 02/15/2048 | 5 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 2/20/26-2/27/26
| Rank | Bond Name | Coupon | Maturity | Change | PRC | PRC-1W | Dealers |
| 1 | ST PUB SCH BLDG AUTH | 3.096% | 04/01/32 | ▼ -2.01% | 94.61 | 96.55 | 3 |
| 2 | FLORIDA ST-B-TRNSPRTN | 4.000% | 07/01/48 | ▼ -1.91% | 98.00 | 99.91 | 18 |
| 3 | ILLINOIS ST-B | 5.000% | 05/01/32 | ▼ -1.85% | 113.50 | 115.64 | 3 |
| 4 | NEW YORK CITY NY MUNI | 5.000% | 06/15/50 | ▼ -1.61% | 102.06 | 103.73 | 6 |
| 5 | LOUISVILLE/JEFFERSON | 5.000% | 05/15/52 | ▼ -1.40% | 97.44 | 98.83 | 9 |
| 6 | BROWARD CNTY FL TOURI | 3.000% | 09/01/41 | ▼ -1.28% | 88.21 | 89.35 | 2 |
| 7 | SAN ANTONIO EDU FACS | 3.150% | 04/01/37 | ▼ -1.05% | 78.70 | 79.53 | 2 |
| 8 | NY DORM AUTH-C-REF | 4.000% | 03/15/44 | ▼ -1.05% | 98.83 | 99.87 | 2 |
| 9 | WARREN-REV | 2.500% | 07/01/39 | ▼ -1.03% | 79.10 | 79.92 | 2 |
| 10 | SAN DIEGO PUB FACS-A | 5.000% | 10/15/41 | ▼ -0.96% | 108.58 | 109.64 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 2/20/26-2/27/26
| Rank | State | Change | YLD | YLD-1W |
| 1 | VA | ▼ 23 bps | 2.77% | 3.00% |
| 2 | NM | ▼ 18 bps | 3.01% | 3.19% |
| 3 | MD | ▼ 18 bps | 2.96% | 3.13% |
| 4 | CT | ▼ 17 bps | 3.09% | 3.27% |
| 5 | DC | ▼ 15 bps | 3.00% | 3.15% |
| 6 | SC | ▼ 14 bps | 2.95% | 3.10% |
| 7 | TN | ▼ 13 bps | 3.13% | 3.26% |
| 8 | AR | ▼ 12 bps | 3.62% | 3.74% |
| 9 | KY | ▼ 12 bps | 3.31% | 3.43% |
| 10 | NE | ▼ 12 bps | 3.04% | 3.15% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 2/20/26-2/27/26
| Rank | State | Change | YLD | YLD-1W |
| 1 | DE | ▲ 20 bps | 3.02% | 2.82% |
| 2 | LA | ▲ 11 bps | 3.35% | 3.23% |
| 3 | OH | ▲ 9 bps | 3.39% | 3.30% |
| 4 | UT | ▲ 7 bps | 3.11% | 3.04% |
| 5 | MO | ▲ 7 bps | 3.40% | 3.34% |
| 6 | IL | ▲ 6 bps | 3.53% | 3.47% |
| 7 | NJ | ▲ 5 bps | 3.25% | 3.20% |
| 8 | WA | ▲ 5 bps | 3.30% | 3.25% |
| 9 | ND | ▲ 4 bps | 3.17% | 3.12% |
| 10 | NY | ▲ 3 bps | 3.31% | 3.28% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 2/20/26-2/27/26 (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 2/20/26-2/27/26 (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 2/20/26-2/27/26 (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 2/20/26-2/27/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 2/20/26 vs. the week ending 2/27/26
| Rank | Tranche | Coupon | Maturity | Prior Week | This Week | Increase | % Increase |
| 1 | BRENHAM ISD | 4.375% | 02/15/56 | 19 | 104 | 85 | 447% |
| 2 | LONG BEACH UNIF SD | 4.000% | 08/01/50 | 22 | 96 | 74 | 336% |
| 3 | OHIO WTR DEV AUTH-A | 5.000% | 12/01/43 | 18 | 92 | 74 | 411% |
| 4 | NJ TRANSPRTN TRUST-BB | 3.000% | 06/15/50 | 45 | 118 | 73 | 162% |
| 5 | SANTA MONICA-MALIBU-A | 5.000% | 08/01/50 | 30 | 103 | 73 | 243% |
| 6 | NYC MUNI WTR FIN-BB | 5.250% | 06/15/56 | 224 | 288 | 64 | 29% |
| 7 | CHICAGO-D-REF-REV | 5.000% | 01/01/37 | 17 | 81 | 64 | 376% |
| 8 | PEORIA | 2.000% | 07/15/37 | 4 | 66 | 62 | 1550% |
| 9 | SALT RIVER PROJ-C | 5.000% | 01/01/46 | 10 | 71 | 61 | 610% |
| 10 | NEW YORK ST URBAN DEV | 4.000% | 03/15/45 | 57 | 117 | 60 | 105% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 2/20/26-2/27/26
| Rank | Tranche | Coupon | Maturity | Dealers |
| 1 | NYC MUNI WTR FIN-BB | 5.250% | 06/15/56 | 64 |
| 2 | NY TRANSITIONAL FIN-B | 5.000% | 05/01/51 | 60 |
| 3 | NY TRANSITIONAL FIN-B | 5.250% | 05/01/48 | 58 |
| 4 | BOYS TWN VLG -REV | 5.250% | 07/01/55 | 58 |
| 5 | BLACK BELT ENERGY GAS | 5.000% | 12/01/35 | 57 |
| 6 | NYC MUNI WTR FIN-BB | 5.000% | 06/15/56 | 55 |
| 7 | CA REGENTS UNIV-CD | 5.000% | 05/15/36 | 53 |
| 8 | KY PUB ENERGY AUTH-C | 5.000% | 05/01/36 | 53 |
| 9 | BLACK BELT ENERGY GAS | 5.000% | 10/01/35 | 52 |
| 10 | MAIN STREET ENERGY-D | 5.000% | 12/01/33 | 52 |
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