News – Page 1852 – Ranson Financial Group LLC

10-year Treasury yield plunges to lowest since 2016 amid escalating coronavirus fears

info2020-02-24T08:25:48-06:00February 24th, 2020|

Treasury yields tumbled on Monday as investors run for cover amid fears that the coronavirus is spreading globally. The yield on the benchmark 10-year Treasury note, which moves inversely to price, plunged 8 basis points to 1.3856%, its lowest level since July 2016. The yield on the 30-year Treasury bond plummeted to a new all time low of 1.8321%. “The most important number in the US Treasury market has become 1.3180% - the all-time record low yield mark set in the aftermath of Brexit,” Ian Lyngen, BMO’s head of U.S. rates, said in a note Monday. “If that level is breached, [...]

Municipal bonds are safe haven amid stock market plunge

info2020-02-24T08:26:14-06:00February 24th, 2020|

The municipal market rallied up to 7 basis points on Friday following Treasuries while equities continued to sell-off on COVID-19 fears as it spreads around the globe. The muni 10-year landed at 1.09% and the 30 at 1.69%. U.S. Treasury yields plummeted as the 10-year hit the lowest since September at 1.47% and the 30-year hit an all-time low of 1.88% then moved up to 1.91% as of press time. While COVID-19 has had an impact on all markets, including munis, Matt Fabian, partner and Municipal Market Analytics, said that he believes the virus impact is like the “fifth or sixth [...]

Municipal Bond Trends for February 21, 2020

info2020-04-16T08:06:36-05:00February 24th, 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.

New hometown signs recognize Kansas astronaut

info2020-02-24T07:17:00-06:00February 24th, 2020|

NASA astronaut and Kansas native Nick Hague has been honored by his hometown. Kansas Department of Transportation crews put up some new signs, right outside the northwest Kansas town of Hoxie. The signs read, “Hoxie: Home of Nick Hague.” Hague went on a seven-month mission in space and was awarded the Russian Order of Courage for his actions during a failed launch. (Read more: KSNT News)

New bill may make it easier for Kansans to vote

info2020-02-23T23:30:15-06:00February 23rd, 2020|

The Ethics, Elections and Local Government Senate committee are considering a bill that would make voting more accessible for Kansans. SB412 allows all Kansas residents to apply for permanent advanced voting status, instead of just registered voters with disabilities as it currently stands. “We are trying to make voting as accessible, and frankly as easily accessible, as we can,” Sen. David Haley (D-Kansas City), member of the committee, said. The hope is that this encourages more Kansans to vote, such as Miguel Colon of Topeka. (Read more: KSNT News)

Organizations working to bring health care to rural Bourbon County

info2020-02-23T23:06:09-06:00February 23rd, 2020|

A community collaboration in Bourbon County is working to bring a health care clinic to a small town. Lynne O’Harah, District One Commissioner, Bourbon County, said, “It’s been kind of a journey for us.” A journey to increase access to healthcare in rural Bourbon County–with talks starting nearly a year ago. Mark Warren, Uniontown Ruritan Club Member, said, “About the possibility of starting a rural health clinic here in Uniontown.” “It’s somethig that’s been lacking in our area for lots and lots of years, many years.” (Read more: KSNF/KODE – FourStatesHomepage.com)

Group’s vague plan for Century II includes $1.5 billion to repurpose building

info2020-02-24T07:09:23-06:00February 23rd, 2020|

A plan proposed for the future of Century II comes with more questions than answers for the group that says it's offering $1.5 billion to repurpose the historic building. The group of private investors proposing the plan is called Penumbra International, LLC. The group says its proposal won't take any tax dollars from the public and includes an aerospace museum, an observation Ferris wheel, a 40-story convention hotel, an aquarium, and more. (Read more: KWCH News)

Officials celebrate industrial park partnership

info2020-02-23T22:58:25-06:00February 23rd, 2020|

State Secretary of Transportation Julie Lorenz and Secretary of Commerce David Toland visited southeast Kansas Thursday for a ribbon cutting and ceremonial throwing of a switch to mark the arrival of the first loaded train cars at the Great Plains Industrial Park in more than 40 years. “As a southeast Kansan it really is a terrific day to come home and to celebrate this first domino that’s falling at Great Plains Industrial Park,” Toland said. “We’re getting this win and it’s the first of many that are going to come here.” Toland recalled meeting with some people from Parsons during a [...]

Kansas law enforcement wary of legalizing 0.3% THC products

info2020-02-23T22:54:56-06:00February 23rd, 2020|

Kansans for Hemp co-founder Kelly Ripple said Friday state statute ought to be brought into compliance with federal law by legalizing products with up to 0.3% of the psychoactive ingredient in cannabis. The 2018 farm bill signed by President Donald Trump authorized development of industrial hemp nationwide. It also exempted hemp from Schedule 1 definitions of marijuana in all 50 states. Essentially, the federal government legalized sale of 0.3% THC products. Ripple said Kansas law enforcement restricted sale of cannabinoid products online or purchased elsewhere with as little as one hundredth of a percentage point of tetrahydrocannabinol, or THC. (Read more: [...]

Kansas bill would stop Wichita from banning plastic bags

info2020-02-23T22:40:39-06:00February 23rd, 2020|

Kansas lawmakers are considering a bill that would stop cities from banning single-use plastic bags, a measure that could hamstring a task force recently formed by the Wichita City Council. The state’s GOP-led House Committee on Commerce, Labor and Economic Development approved a bill Friday that would prohibit local governments from imposing any tax, fee or outright ban on paper or plastic single-use bags and plastic straws. It could go to the full House for debate as early as next week. Wichita is one of a handful of Kansas communities, including Lawrence, Salina and Prairie Village, that has started considering bans on plastic products. [...]