Municipal Bond Trends for June 4, 2020

2020-06-05T10:35:29-05:00June 5th, 2020|

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.

Kansas-native NASCAR driver helps support Kansas farmers

2020-06-05T10:31:17-05:00June 5th, 2020|

For Clint Bowyer, growing up in Kansas meant opportunity. The son of a tow truck driver, Bowyer learned early on the power of hard work. This Sunday, Bowyer takes the wheel of his No. 14 Ford race car at the NASCAR Cup Series race in Atlanta. Busch-sponsored driver Kevin Harvick is teaming up with the Emporia native to race in the same corn-themed paint scheme. With this campaign, Anheuser-Busch for the first time is joining Farm Rescue to help Kansas farmers. The car’s corn motif represents Kansas. The company will donate a percentage of proceeds from Busch-Light beer to Farm Rescue [...]

Peaceful protest planned at Gardner city hall Saturday

2020-06-05T10:32:30-05:00June 5th, 2020|

The Gardner protest organizer has been in communication with the Gardner Police Department. “They are very intent on a peaceful protest. We are going to be there to assist and help facilitate the protest,” said Jay Belcher, police chief. The event is scheduled to start at 10 a.m. at city hall. Members plan to walk eastbound on the sidewalks, not in the street, from city hall to Moonlight Rd. where they will turn around and go back to city hall. Upon arrival at city hall, members will have a quick prayer and then they will have the opportunity to interact with [...]

City addresses water billing concerns

2020-06-05T01:20:57-05:00June 5th, 2020|

Water usage by Great Bend residents and concerns over how the city bills customers were on tap during the City Council meeting Monday night. Administrator Kendal Francis explained the procedure and assured all present that the city is dedicated to better relations with residents, and resolving issues swiftly and fairly. The discussion was sparked in part by the concerns of a Great Bend water customer. Loralei Weller alleged her bills were too high and overage charges inaccurate, and that she received poor customer service from city employees at the Front Door facility when she lodged her complaint. The city has also [...]

Primary municipal bond market sees strong demand

2020-06-05T10:34:53-05:00June 5th, 2020|

After an impressive rally in May, municipal participants have hit a pause button, particularly as U.S. Treasury yields rise, pushing municipal to UST relative value ratios lower. “Instead, it appears the focus has shifted to primary offerings, which are being well received and seeing strong demand at the expense of secondary market flows,” said Greg Saulnier, managing analyst, U.S. Municipal Bonds Refinitiv (TM3/MMD). “Underlying factors look to be favorable, including manageable supply, summer redemptions/coupon payments, and back-to-back weeks of inflows.” (Read more: The Bond Buyer)

Fed Expands Municipal-Lending Facility to (a few) More Localities

2020-06-04T08:27:22-05:00June 4th, 2020|

The Federal Reserve said it would again broaden the number of local governments eligible for a new lending program as Illinois announced it would be the first borrower to access the facility. The central bank said Wednesday it would allow all 50 states to designate two cities or counties to sell debts directly to the central bank’s program, creating an option for states with less populous municipalities to participate. Many state and local governments are facing cash crises as the coronavirus pandemic has crushed both their tax intake and driven an increase in their spending. The central bank also said state [...]

In a time of unrest, the Garden City community comes together as one with the GCPD in a ‘Unity Gathering’

2020-06-04T08:25:26-05:00June 4th, 2020|

The nation is experiencing a time of unrest as cities are plagued by protests, riots, and violence over the death of George Floyd. However, in Garden City, the community is bringing to light racial injustice but in a unique way. It’s not a protest but a unity gathering. Unification amongst diversification is the goal as the Garden City community is making its voice heard. “One of the things I’ve really appreciated about being in Garden City for the last year and a half now, is it seems like it’s such a beautiful melting pot of different cultures,” said the lead pastor [...]

Municipal Bond Trends for June 3, 2020

2020-06-04T08:05:04-05:00June 4th, 2020|

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.

Kansas Attorney General Opinion 2020-7: Ranked-choice voting methodology

2020-06-04T08:03:13-05:00June 4th, 2020|

Synopsis: Article 4, § 1 of the Kansas Constitution prescribes the methods by which votes may be cast but is silent on the method to be used for allocating votes and therefore does not prohibit the use of ranked-choice voting methodology. (Read more: Kansas Attorney General Opinions)

Burrton considers how to attract new housing

2020-06-04T08:01:44-05:00June 4th, 2020|

At Monday night’s meeting, Mayor Rodney Redinger told the Burrton City Council that he saw the issue as central to “the survivability of our town, and our school, quite frankly.” Redinger announced that he had been “meeting with some potential builders, basically trying to get some new housing started.” Redinger also shared that city staff have been surveying individuals that commute to Burrton for work to learn what might entice them to live in town. Council member Jason Froese said he had also looked into development, as he personally wished to build in town. (Read more: Harvey County Now)

Go to Top