Jake Baldwin is looking for a fixed$-$income investment. He is considering two bond issues:

a$.$ A Treasury with a yield of $5\mathrm{.}99\%$

b$.$ An in$-$state municipal bond with a yield of $4\mathrm{.}46\%$

Jake is in the $32\%$ federal tax bracket and the $6\%$ state tax bracket. Which bond would provide him with a higher tax$-$adjusted yield?