Third Quarter 2026 Municipal Market Summary

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MSRB's third quarter 2026 market summary reviews the extraordinary developments in the municipal securities market, including record-breaking trading volumes, a significant rise in benchmark tax-exempt yields, and a dramatic increase in bid-wanted volume on electronic trading systems. 

Report: Read our full report on the third quarter 2026 municipal market summary (pdf).
Watch: MSRB Chief Market Structure Officer John Bagley discuss the report in depth (online).
Presentation: Download the webinar slides (pdf).
Audio: Available on podcast streaming platforms.

Historical Municipal Market Year in Review reports and other market data.

Previous MSRB podcast episodes.
 

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