info2022-03-18T09:00:31-05:00March 18th, 2022|
The interest rate table above illustrates recent changes in a sample of MBIS "investment grade" yields. Every issuer's credit is different. For rates that may be applicable to your municipality, contact our Municipal Bond Advisors, Larry Kleeman and Beth Warren.
info2022-03-18T02:19:30-05:00March 18th, 2022|
The Federal Reserve on Wednesday approved its first interest rate increase in more than three years, an incremental salvo to address spiraling inflation without torpedoing economic growth. After keeping its benchmark interest rate anchored near zero since the beginning of the Covid pandemic, the policymaking Federal Open Market Committee said it will raise rates by a quarter percentage point, or 25 basis points. That will bring the rate now into a range of 0.25%-0.5%. The move will correspond with a hike in the prime rate and immediately send financing costs higher for many forms of consumer borrowing and credit. Fed officials [...]
info2022-03-18T08:55:49-05:00March 18th, 2022|
Governor Laura Kelly today announced the first-round of 2022 funding recipients for the Tourism Marketing Grant Program (TMGP). The TMGP, administered by Kansas Tourism, assists Destination Marketing Organizations, tourism communities and travel industry businesses or events. The program helps with first-time marketing efforts or enhancement of current marketing with new or innovative strategies. “Our tourism industry injects millions into our economy and adds another incentive for families to put down roots in our state,” Governor Laura Kelly said. “These grants will enhance local community efforts to develop quality tourism assets that will grow the economy and improve the quality of life [...]
info2022-03-18T08:57:16-05:00March 18th, 2022|
A bill has been introduced in the Kansas Senate to limit restrictions on home-based businesses, and some city and county leaders across the state are raising concerns that it will hurt their ability to deal with any nuisance issues in neighborhoods. Sedgwick County commissioners had a briefing on the bill this week. Senate Bill 505 would prohibit cities and counties from enacting or enforcing zoning regulations that would be considered as barriers to home-based work. Assistant County Counselor Justin Waggoner told commissioners that the bill would wipe out county zoning regulations on home-based businesses. He said there would be no restrictions on [...]
info2022-03-18T08:58:02-05:00March 18th, 2022|
Johnson County Government plays a large role working with cities to manage stormwater projects, to alleviate flooding and improve water quality. March 10, the Johnson County Board of County Commissioners authorized term and supply contracts with nine vendors for stormwater management services. Johnson County’s Stormwater Management Program has used a term and supply contract for multiple years as a way to expand the program to address specialized needs without having to hire more staff. Examples of past efforts executed with term and supply contract vendors include watershed master planning, floodplain mapping updates, water quality sampling and system management support. “Having contracts [...]
info2022-03-18T08:58:35-05:00March 18th, 2022|
Overland Park will be forced to curtail its outdoor swimming program unless it can hire more lifeguards, which are in short supply there and elsewhere. “Right now we have enough lifeguards to open one outdoor pool this summer with full staffing,” Aquatics Supervisor Renee Reis said in a news release. “Aquatics is an incredibly fun operation, but safety has to remain our top priority. It’s simply not safe to operate pools without a full staff of lifeguards.” Source: Joco 913 News
info2022-03-17T22:09:31-05:00March 17th, 2022|
The interest rate table above illustrates recent changes in a sample of MBIS "investment grade" yields. Every issuer's credit is different. For rates that may be applicable to your municipality, contact our Municipal Bond Advisors, Larry Kleeman and Beth Warren.
info2022-03-16T23:36:15-05:00March 16th, 2022|
The 10-year Treasury yield topped 2.17% at one point Wednesday, with the Federal Reserve expected to announce an interest rate hike in the afternoon. The yield on the benchmark 10-year Treasury note last rose 1 basis point to 2.171%. The yield on the 30-year Treasury bond fell 2 basis points to 2.476%. Yields move inversely to prices and 1 basis point is equal to 0.01%. The 10-year rate has surged since the beginning of the week, ahead of the Fed's latest policy decision. The Fed is expected announce that it will raise interest rates by a quarter point on Wednesday, the [...]
info2022-03-16T23:34:25-05:00March 16th, 2022|
After the Federal Reserve hiked interest rates for the first time since 2018 and said it would raise them six more times this year, U.S. Treasury yields continued to rise, while munis were relatively stable and equities rallied to close the session. Municipal to UST ratios showed the five-year at 76%, 90% in 10-years and 97% in 30, according to Refinitiv MMD's 3 p.m. read. ICE Data Services had the five at 78%, the 10 at 95% and the 30 at 99% at a 4 p.m. read. Trading was mixed ahead of the Fed's announcement but a few blocks traded post-FOMC. [...]
info2022-03-16T23:32:32-05:00March 16th, 2022|
The Federal Reserve is poised to announce its first interest rate hike since 2018 on Wednesday. The central bank is likely to raise its target federal funds rate by 25 basis points to address the worst inflation in more than 40 years, partially brought on by the coronavirus pandemic. A basis point is equal to 0.01%. Yet consumers who are already grappling with higher prices putting a strain on their wallets may be wondering how increasing borrowing costs will help tamp down inflation. Its main tool to battle inflation is interest rates. It does that by setting the short-term borrowing rate [...]
