Markets

The U.S. and Iran have agreed to stop attacks in the Strait of Hormuz, Tim Iltz wrote for HJ Sims, but the tensions have taken a toll on oil prices.

Issuance is on pace for another year of record supply even as factors driving credit spreads change, Center for Municipal Finance Director Justin Marlowe said.

Issuance falls to an estimated $5.055 billion this week, lighter due to the holiday, and it's possible some deals will come on Monday.

The Museum of Modern Art's "preeminent" reputation has powered the New York City institution's finances. It may have boosted its municipal bond sale last week.

The muni market is closing out the month of June with the curve "more or less static" to where it was at the end of May, Kim Olsan wrote for NewSquare Capital.

Thursday was quiet in the muni market as many deals — which did pretty well upon pricing or selling — came to market earlier in the week, said Ron Banaszek, co-head of public finance and lead underwriter at Blaylock Van.

The groups are taking additional steps to try to stop or pause development of a major industrial park between New Orleans and Baton Rouge.

Falling oil prices sparked a rally for Treasuries. Munis took some strength from USTs, according to Jeremy Holtz of Income Research + Management.

There are a lot of "great technology solutions" out there, said Dan Silva, CEO and cofounder of Adaje.