The largest underwriter in the $3.9 trillion municipal-bond market says the rally is about to face a crucial hurdle. Bank of America Corp. analysts Yingchen Li and Ian Rogow said they’re watching to see what happens if 10-year benchmark yields hit 0.5% -- a threshold that may mark a test of whether investors continue stampeding into the market. Such pricing milestones are often watched in other markets, from stocks to mortgages, as a sort of psychological test of whether investors will shift gear if prices seem to heady or payouts too low. Read more: Yahoo Finance.

A recently opened park named in honor of 19th-century Baldwin City mayor Lucy Sullivan now has a new piece of public art to pay tribute to her life and legacy. About 30 people gathered Saturday morning for the unveiling of a bench with a mural depicting Sullivan and scenes associated with her term as mayor and life in Baldwin City. ... “Lucy Sullivan was the third woman elected mayor in this county,” said Jeannette Blackmar, executive director of the Lumberyard Arts Center in Baldwin City. “She was elected with an all-women city council.” Sullivan and the four-woman city council were elected [...]

As the COVID-19 pandemic causes financial hardships for both local governments and the general public, the City of Lawrence will soon create its first economic development strategic plan aimed at helping the city respond to the pandemic and improve the economy. The economic development plan, which will be developed with assistance from an outside consultant, will guide the city’s actions in cooperation with businesses and community partners, with the goal of responding to the negative effects of the pandemic and developing an action plan for increasing economic growth and prosperity, according to a city news release. Economic Development Administrator Britt Crum-Cano [...]

A group of Lawrence residents has come out against the city’s plan to build a road adjacent to the local dog park that would connect the Youth Sports Complex to the Clinton Lake spillway. The project would install an approximately 1-mile paved roadway connecting existing segments of West 27th Street on both the east and west sides of the spillway, creating a continuous roadway from the Kansas Highway 10 and 27th Street intersection to East 902 Road at the city’s Mutt Run Off-Leash Dog Park. A group of 30 residents sent a letter to city commissioners and staff asking the city [...]

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.