Municipal yields rose for the sixth day in a row Tuesday, pushing the 10-year above 1%, a level not seen since May 2020. High-grade deals priced and secondary trading showed bonds exchanging hands at yields higher than triple-A benchmarks in some cases, but a healthy two-way flow was evident, even if there are signals that yields have not yet found a ceiling. U.S. Treasuries held steady for most of Tuesday as Federal Reserve Chairman Jay Powell testified before Congress that the bond buying would continue and the economic recovery was far from complete.
Source: The Bond Buyer
