Municipal News & Jobs

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.

Holly Wright first thought about raising chickens when food prices started to go up during the height of the COVID-19 pandemic. She researched for several months before investing in them, she said, since it required building a coop and run, and buying feed, and then she and her husband started their flock in their yard on East Second Avenue. A few months ago, she spotted a story about the city discussing changes in a city ordinance related to the birds after Councilwoman Sara Bagwell asked for a review to allow larger backyard flocks.
Source: Hutch News

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.

A so-called inverted yield curve between three-month and 10-year interest rates is considered by Wall Street as a reliable sign of an impending economic slump. A recession warning tracked by Wall Street is growing louder, as another measure of the widely watched “yield curve” signals that the United States is headed toward an economic slump. The yield curve is a way of comparing interest rates, also known as yields, on different maturities of government bonds, from a few months to 10 years or more. Investors typically expect to be paid more interest for lending to the government for a longer time, partly reflecting the risk of locking up money given the usual expectations for rising growth and inflation. But short-term yields occasionally rise above longer-term yields, upending the usual situation in the bond market. It’s called a yield-curve inversion, and it means investors are now effectively demanding more money to lend to the government over shorter periods of time. That is an indication investors expect economic growth to decline soon — perhaps within a year — and that the Federal Reserve will need to cut interest rates below where they are currently to help an ailing economy.
Source: NY Times

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.

U.S. Department of Agriculture (USDA) Kansas State Director for Rural Development Christy Davis today announced that the Department is providing $3,066,752 million to bring high-speed internet access to two Kansas counties. “High-speed internet is essential for success in education, healthcare, and business in the twenty-first century.” Davis said. “Federal funding makes it possible for communications companies, like Blue Valley Telecommunications, to serve our state’s rural communities.” Today’s announcement is part of a larger national announcement including 24 states and three territories. Details of the Kansas investment are: A $3,066,752 grant will be used to deploy a fiber-to-the-premises network to connect 3,000 people, 255 businesses, 14 educational facilities and four farms to high-speed internet in Marshall and Washington counties. Blue Valley Tele-Communications Inc. will make high-speed internet affordable by participating in the FCC’s Affordable Connectivity Program.
Source: ReConnect Program