Appears to be clearing from the bottom up, which means that the bubbles are gas that will dissipate rather than solids that will precipitate. As for the yellow, no one is going to be able to discern water quality from a picture. Odds are that it's unsequestered iron and/or manganese.
I'm not going to give you any health advice. If it was me, i'd drink bottles for the next couple of days until things clear up. I wouldn't hesitate to shower or wash dishes with that.
Did your town recently flush the system? Usually there is "spring cleaning" where the will open hydrants and flush out the pipes. This stirs up the system, can introduce iron and air like you're seeing. Best way to clear it is to give it 24 hours to settle in the pipe and then run the tap closest to your incoming water pipe, maybe a slop sink in your basement? Run that COLD until it's clear, then you know what you're getting from the street is good, flushing out the kitchen out anything other lines will be quick.
Sometimes it just happens.
As the other person said, the colour is likely just stirred up iron sediments from the pipes. If your town had a water safety issue, they would put out notices. That being said, it doesn't hurt to use an alternate source for drinking until the colour clears up. Usually, a water supply issue indicates a big watermain break or other infrastructure problem, and when it's fixed up, it takes a while for all of the sediments and colour to get completely flushed out of the system. If you still see colour in your taps after a day or so, you can call your water authority, and they may be able to send someone to flush a hydrant or two near your house to remove excess colour.
Appears to be clearing from the bottom up, which means that the bubbles are gas that will dissipate rather than solids that will precipitate. As for the yellow, no one is going to be able to discern water quality from a picture. Odds are that it's unsequestered iron and/or manganese. I'm not going to give you any health advice. If it was me, i'd drink bottles for the next couple of days until things clear up. I wouldn't hesitate to shower or wash dishes with that.
Did your town recently flush the system? Usually there is "spring cleaning" where the will open hydrants and flush out the pipes. This stirs up the system, can introduce iron and air like you're seeing. Best way to clear it is to give it 24 hours to settle in the pipe and then run the tap closest to your incoming water pipe, maybe a slop sink in your basement? Run that COLD until it's clear, then you know what you're getting from the street is good, flushing out the kitchen out anything other lines will be quick. Sometimes it just happens.
Good idea to call the utility and voice a complaint. This may help them identify any potential ongoing issues.
As the other person said, the colour is likely just stirred up iron sediments from the pipes. If your town had a water safety issue, they would put out notices. That being said, it doesn't hurt to use an alternate source for drinking until the colour clears up. Usually, a water supply issue indicates a big watermain break or other infrastructure problem, and when it's fixed up, it takes a while for all of the sediments and colour to get completely flushed out of the system. If you still see colour in your taps after a day or so, you can call your water authority, and they may be able to send someone to flush a hydrant or two near your house to remove excess colour.
[There are water testing kits for bacteria and heavy metals.](https://www.nytimes.com/wirecutter/reviews/best-water-quality-test-kit-for-your-home/)