Primary bond market

As the war in Iran drags on, fears of inflation and higher oil prices are driving up yields, according to Schwab's Cooper Howard.

The $762.4 million revenue bond deal will help finance a 750,000-square-foot arena to be named the Continental Coliseum, where the NBA's Thunder will play.

Munis cheapened ahead of what may be another volatile week, according to AllianceBernstein's Daryl Clements.

Rate hikes appear to be more realistic following this week's hotter-than-expected consumer price index and producer price index data, said Kevin McGuigan, director at Municipal Market Analytics.

The complicated environment has created different outcomes for different parts of the muni market, Hennion & Walsh's James Pruskowski said.

The city commission puts off move to bring the bond referendum to voters.

Although muni valuations became "less compelling" in April from March's highs, Pat Haskell wrote for BlackRock, technical conditions "are likely to provide a degree of support in the months ahead."

As SMAs have garnered attention, they shifted demand further down the yield curve into one- to five- or one- to 10-year area, though SMAs go out 15 or 20 years.

Alaska Housing Finance Corp. had its Aa1 ratings affirmed by Moody's ahead of plans to issue debt.

The Missouri Highways and Transportation Commission will sell the third lien state road bonds in a competitive deal set for auction on Tuesday.

Inflation and heavy supply have finally worn on muni yields after a week of stability.

The muni market continued to shrug off volatility in Treasuries, but NewSquare Capital's Kim Olsan said a reaction is building up.

Northwest Nazarene University, an Idaho private Christian college, had its ratings outlook revised to positive.

Munis should do "relatively well" this month, as investors will "focus on heavy summer redemptions; tax-exempt supply should remain healthy but is unlikely to overwhelm," said Barclays strategists.

The Manhattan-based Ivy League university reached a settlement with the federal government last year. It is selling $487 million of bonds this month.

"The rates market has started to turn from the upper end of the trading range this week," Barclays strategists wrote, but with the war with Iran still driving the market, nothing is certain.

The deal comes as high-yield muni investors are hungry for paper.

New research from The Bond Buyer finds the federal policy environment once again threatens the tax-exempt status for municipal bonds.

Munis and U.S. Treasuries have been more reactive to geopolitical news than to economic data that traditionally moves the market, according to MMA's Kevin McGuigan.

The commission approved several issues for Charlotte.