info2022-05-03T07:17:35-05:00May 3rd, 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.
info2022-05-03T02:10:51-05:00May 3rd, 2022|
The Federal Reserve is tasked with slowing the U.S. economy enough to control inflation but not so much that it tips into recession. Financial markets expect the central bank on Wednesday to announce a half-percentage point increase in the Fed's benchmark interest rate. The fed funds rate controls the amount that banks charge each other for short-term borrowing but also serves as a signpost for many forms of consumer debt. Doubts are rising about whether it can pull it off, even among some former Fed officials. Wall Street saw another fierce sell-off Monday afternoon, with the Dow Jones Industrial Average and [...]
info2022-05-03T07:14:34-05:00May 3rd, 2022|
Lieutenant Governor and Commerce Secretary David Toland announced that grant applications are open for the Rural Mural and Public Art program. The Kansas Department of Commerce will provide matching funds for communities to create new murals and public art projects that will engage community residents and create a place for the community to gather and enjoy. “Public art is an important component in the health and vibrancy of communities across our state,” said Lieutenant Governor and Commerce Secretary David Toland. “The Rural Mural and Public Art program will create new destinations that tell the story of a community and inspire pride in residents and [...]
info2022-05-03T07:15:01-05:00May 3rd, 2022|
The worst bond rout in decades hit a new milestone Monday with the yield on the 10-year Treasury reaching 3% for the first time since late 2018. The yield on the benchmark 10-year Treasury note, which rises when bond prices fall, crossed the 3% level ahead of this week’s Federal Reserve meeting, recently trading at 3.002%, according to Tradeweb. A reference for borrowing costs on everything from mortgages to student loans, the yield last closed above 3% in November 2018 and has jumped from 1.496% at the end of last year. Source: WSJ.com: Markets
info2022-05-03T07:15:16-05:00May 3rd, 2022|
Olathe-based Garmin Ltd., the maker of GPS and electronic devices, could continue to deepen its footprint in the city at the southwest quadrant of 151st Street and Lone Elm Road. On Tuesday evening, the City Council will review the annexation request of Garmin (Nasdaq: GRMN) subsidiary Garmin Realty LLC for 174.64 acres for future development. The company acquired the three Olathe land parcels from Brunker Farms in November. The site sits just west of Olathe Medical Center and catty-corner from the former Great Mall of the Great Plains property. Source: Kansas City Business Journal
info2022-05-03T07:15:35-05:00May 3rd, 2022|
The city of Andover is opening its storm shelter at City Hall for residents who need a place to hunker down if weather gets severe. Public shelters at the concession stand restrooms at the 13th Street Ball Diamonds and at the restrooms in Central Park are also open, the city said in a Monday email and Facebook post. The announcement comes in the wake of an EF-3 tornado that tore through the town on Friday, damaging hundreds of homes and buildings. Officials have said the twister cut a more than 12-mile path, starting in rural southeastern Sedgwick County and traveling through [...]
info2022-05-03T02:02:09-05:00May 3rd, 2022|
The Mission community is mourning the loss of Suzie Gibbs, a beloved and active leader this week. Gibbs served more than two dozen years on the Mission City Council, volunteered countless hours of her time to various charities and managed her own small business, died Tuesday, April 26. A resident of Mission since 1967 (except for a brief stint in retirement at the Lake of the Ozarks), Suzanne Greenlee Barnhart Gibbs, was born Feb. 22, 1935. She was preceded in death by her former husband, Scott Barnhart, and is survived by her husband, Jack Gibbs, and his granddaughter, Kelsey Gibbs, among [...]
info2022-05-03T07:16:24-05:00May 3rd, 2022|
Riley County residents will be able to sign up for a service that aims to detect property and mortgage fraud. The Riley County Commission unanimously approved Monday an agreement with Fidlar Technologies to implement a property fraud alert system. The system will allow residents to sign up to receive alerts when a document has been filed with the Riley County Register of Deeds under their name. Those who opt in to the service can get a notification in the form they select when they register, such as email or text message. The licensing and set-up will cost the county $8,000 with [...]
info2022-05-03T01:58:59-05:00May 3rd, 2022|
Days after a powerful tornado left widespread damage and heartbreak, residents in Andover were still picking up pieces left from the EF-3 storm. Leaders said it could be years before the community is whole again. The twister carved a 4-mile path, affecting more than 1,000 homes and buildings. It came 31 years after another powerful tornado ripped through the suburb, killing 17. While there were no deaths from this year's tornado, it did toss cars, demolish homes, and send a variety of debris flying. Source: KSN-TV
info2022-05-03T01:56:54-05:00May 3rd, 2022|
Kansans impacted by severe weather in the form of tornadoes, hail and high winds on Friday, April 29 will receive some help from the state government. The Kansas Department of Revenue (KDOR) and the Kansas Department of Health and Environment (KDHE) have been directed by Kansas Governor Laura Kelly to help weather victims by waiving fees associated with birth certificates, marriage certificates and vehicle registrations. This aid is being extended to the residents of Butler, Dickson, Greenwood, Jackson, Jefferson, Marion, Morris, Pottawatomie, Sedgwick, Wabaunsee and Washington Counties. Source: KSN-TV
