Municipal bonds took direction from higher Treasury yields and moved as much as eight basis points softer in an illiquid and light trading session Tuesday.

The 10-year Municipal Market Data yield crossed 3.00% for the first time since April 2011. The 30-year yield rose to its highest level since May 2011.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.