Muni yields continue march upward

Municipal triple-A yield curves were cut up to six basis points Tuesday in another day of selling pressure exacerbated by losses in U.S. Treasuries while equities rallied on easing Russian/Ukraine tensions.

The municipal to UST ratio five-year was at 74%, 84% in 10 and 89% in 30, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services had the five at 72%, the 10 at 84% and the 30 at 89% at a 4 p.m. read.