The Modern
US Municipal Bond
Data Source
Terrapin's flagship US Municipal Bond database was built from the ground up to serve the needs of modern platforms, asset managers and hedge funds. Our modern API, combined with our simple licensing model, allows you to get up and running in days instead of months.
US Municipal Bonds
In-depth reference and pricing data on over 1.2 million US municipal fixed income securities across 50,000+ issuers. Access 100+ data-points including full call, sinking fund and interest payment schedules to accurately model securities at any level - individual, issuer, state, sector, and more. Our data is captured directly from the source OS and disclosures, ensuring timeliness, accuracy and traceability.
Well-suited for:
- • Universe screening and selection
- • Custom indices and benchmarks
- • Yield curve construction
- • Risk management and analytics
Built for US Municipal Fixed Income Professionals
Whether you're managing portfolios, conducting credit research or building tools, our data is designed to meet your needs.
Seamless integration
Designed for developers and data teams. Our data can be delivered via API, bulk files, or custom feeds - with flexible licensing and no additional compliance overheads.
Complete redemption schedules
Access detailed optional and mandatory (sinking fund) redemption schedules, and extraordinary redemption provisions - essential for accurate price, yield and duration calculations.
Detailed trade data
Access enriched MSRB trade records with comprehensive yield calculations across multiple conventions. Price-to-yield calculator available via our API.
Historical reference data
Access full point-in-time reference data, capturing every field value through corporate actions history. Ideal for back-testing and time-series analysis with complete data lineage.
Granularity & rapid development
Our schema captures detailed information at security level - from credit enhancements to refunding structures. And when you need new fields, we can design, extract, and deploy them in as little as two weeks.
Borrower intelligence
Comprehensive issuer and obligor profiles with sector classifications and use-of-proceeds mapping - enabling robust peer and sector research.
Granular Field Coverage
Over 100 structured data points per bond, organized into intuitive categories for easy integration into your workflows.
Security Identifiers
✓ ISIN
✓ FIGI
✓ Issue ID
✓ Ticker
✓ Series
Counterparties
✓ Underwriters
✓ Remarketing Agents
✓ Tender Agents
✓ Trustees
✓ Bond Counsel
✓ Disclosure Counsel
✓ Advisors
Issuance Details
✓ Issue Date
✓ Dated Date
✓ Closing Date
✓ Award Date
✓ First Trade Date
✓ First Execution Date
✓ Maturity Date
✓ Issued Amount
✓ Series Issued Amount
✓ Minimum Denomination
✓ Integral Multiple
✓ Issue Price
✓ Issue Yield
✓ Sale Type
✓ Registration Type
Issuer & Use of Proceeds
✓ Issuer
✓ Obligor
✓ State
✓ Country
✓ Sector
✓ Source of Repayment
✓ Uses of Proceeds
✓ Capital Purpose
✓ Is Defeased
✓ Is 144A
✓ Is RegS
✓ Is PAC
Interest & Coupon Structure
✓ Coupon
✓ Interest Type
✓ Coupon Frequency
✓ Coupon Payment Months
✓ Coupon Payment Day
✓ First Interest Payment Date
✓ Previous Coupon Date
✓ Next Coupon Date
✓ Interest Accrual Date
✓ Interest Accrual Convention
✓ Interest Payment Schedule
✓ Interest Rate Schedule
✓ Odd First Coupon
✓ Odd Last Coupon
✓ Variable Rate Mode
✓ Variable Rate Adjustment Schedule
Credit Enhancement & Tax Status
✓ Is Insured
✓ Insurers
✓ Credit Enhancement Type
✓ Is Credit Enhanced
✓ Is State Enhanced
✓ Guarantee
✓ Liquidity Facility
✓ Reserve Fund
✓ Provider Identity
✓ Provider Expiration Date
✓ Composite Rating
✓ Rating Group
✓ Is Federally Taxable
✓ Is State Taxable
✓ Is AMT
✓ Is Bank Qualified
✓ Is Green
✓ Is Social
✓ Is Sustainable
Redemption Provisions
✓ Is Callable
✓ First Call Date
✓ Next Call Date
✓ Next Call Price
✓ Opt. Red. Min Notice
✓ Opt. Red. Max Notice
✓ Has Mandatory Redemption
✓ Next Sink Date
✓ Next Sink Price
✓ Next Sink Amount
✓ Extraordinary Opt. Red.
✓ Outstanding Amount
✓ Maturity Amount
✓ Full Optional Redemption Schedule
✓ Full Mandatory Redemption Schedule
Looking for the complete field schema and data types?
View API documentationBuilt for Your Workflow
From portfolio management to analytical tools, our data powers the leading municipal bond applications.
Asset Managers & Hedge Funds
Power deeper credit research and portfolio insights.
Benefits
Leverage comprehensive, point-in-time municipal bond data to support investment analysis, backtesting, and portfolio monitoring. From call schedules to credit enhancements, our datasets enable analysts and PMs to make faster, more confident decisions using complete, standardized, and historically consistent information.
Broker-Dealers & Trading Desks
Trade and distribute with confidence.
Benefits
Access accurate, normalized reference and trade data to support pricing, inventory management, and client reporting. Terrapin's flexible licensing and data delivery make it easy to embed clean, compliant bond data across internal systems and trading platforms.
Wealth & Technology Platforms
Deliver a seamless experience for advisors and investors.
Benefits
Integrate high-quality municipal reference data into your front-end applications, analytics tools, or portfolio dashboards. Terrapin's API and redistribution-friendly model let you display complete bond information without licensing friction or outdated feeds.
Data & Analytics Providers
Enhance your products with modern fixed income data.
Benefits
Embed Terrapin's municipal bond datasets to expand your coverage or build new analytics, pricing, and benchmarking tools. Our structured data, entity mapping, and continuous updates make it easy to enrich your platform and differentiate your offering.
Source-Verified Quality
Every data point is traceable back to its source official statement
Direct from source
All reference data is extracted directly from official statements, supplements, and continuing disclosure documents. Trade data is sourced from the MSRB post-trade feeds and augmented with our own yield calculations and analytics.
AI-powered extraction
Proprietary machine learning models trained specifically on municipal bond documents, supported by a team of analysts to ensure accuracy and completeness.
Continuous updates
Documents are monitored daily. New issuances and amended official statements are processed within hours of publication and always available the next day.
Ready to Access?
Start building with our API today, or speak with our team about your specific needs