Skip to content
Subscriber Only

If You Wanted the Best Muni Trade, You're Three Hours Late

  • BondWave analyzed every municipal bond trade in 2018
  • It found the best time is when volume peaks around 10:50 a.m.
Congress Votes to Extend Federal Funds For Highways Through July

Photographer: Daniel Acker/Bloomberg

Updated on

When’s the best time to buy municipal bonds? Around three hours ago, according to an analysis of daily trading patterns by BondWave LLC, a financial technology company.

The par volume of broker purchases from customers soars between 10 a.m. and 11 a.m. New York time and peaks around 10:50 a.m., when investors sell securities to free up cash for new issues that are being priced at 11 a.m., according to the Wheaton, Illinois-based firm’s analysis of every municipal-bond trade in 2018.