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30-year Treasury yield jumps to 5.45% amid muni market volatility

The 30-year yield reached its highest level since 2004 at 5.45% this week, helping lift secondary trading volumes as bid pressure pressured clearing levels across muni bonds.

Reported · Written up by our desk · ETFs

ETF Trends reports the 30-year Treasury yield hit 5.45% this week, its highest mark since 2004, as fiscal and monetary concerns continued to roil rates.

The outlet also highlights that municipal bonds have seen major issuance, while yield levels reset amid notable rate volatility.

According to ETF Trends, American Century Investments Vice President and Senior Portfolio Manager Joe Gotelli said the firm has felt an uptick in secondary trading volumes in the last week, as bid wanted pressure pressured clearing levels across the muni market.

Gotelli also pointed to active tax loss harvesting across cash bonds and other products, particularly in the ETF space, as a factor magnifying the moves.

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