Municipal market information

The Municipal Market Monitor (TM3)

TM3 has been delivering the municipal market’s MMD AAA yield curve for over 30 years, and is integrated into the most comprehensive source of critical municipal market information.

An overview of the Municipal Market Monitor (TM3)

The Municipal Market Monitor (TM3) services fixed income client data needs, both over the internet and via data feeds.

TM3 services comprise several key pillars, related specifically to the US municipal bond industry including:

  • news and insight
  • primary market information
  • secondary market information
  • disclosures/prospectus
  • variable rate portfolio management tools
  • pricing and reference data search tools.

TM3 also offers MMD yield curves, which are currently the industry leading yield curves and are the flagship product line on TM3.

MMD yield curves are integrated across the key pillar services on TM3. MMD spread is also available across many major services and product lines on TM3 and third-party vendors.

Features & benefits

What you get with the Municipal Market Monitor

MMD

Includes the industry leading MMD AAA yield curve, AAA Scale Reads, analytics, and in-depth analysis on the municipal and treasury markets.

Primary markets

Real-time and historical new-issue calendars, pre-sale worksheets and sales results - from I-Deal and underwriters.

Secondary markets

Real time MSRB data.

Refinitiv Global Markets, Inc. is a Registered Investment Adviser. Refinitiv Global Markets' disclosure statement is available on the web at TM3 app. Reproduction of, dissemination of, modifications to or creation of derivative works from the materials provided, by any means and in any form or manner, is expressly prohibited, except with the prior written permission of Refinitiv Global Markets. Please note that RGM's services are not subject to the EU Benchmarks Regulation or equivalent law or rule. More information about this disclaimer is available at Benchmarks Disclaimer © 2024 Refinitiv. (DBA International Finance Review). All rights reserved.

How it works

TM3 in more detail

Muni data/analysis (MuniView search)

LSEG and LSEG's pricing and descriptive information on over 1.5m securities, the CUSIP9 search engine, Muniview Deal Search and TM3 Bond Calculator/Analysis.

VRDN network and SIFMA index

An electronic database that enables tax-exempt money market funds and their agents to receive rate reset, interest payment factors, and security master details on portfolio holdings.

MuniStatements

The most comprehensive collection of municipal documents available anywhere, with over 254,000 documents from 1975 - including official statements, supplements, escrow documents, and G-36 forms.

Municipal News

The most comprehensive news source dedicated to the municipal marketplace.

The Municipal Market Monitor (TM3) offering provides users with a modernized product that includes strategic LSEG content, services and related apps, in addition to best in class 3rd party content focused on the US Municipal Bond Market.

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