While Biking Across Kansas will send about 600 cyclists streaming through the area this week, the annual non-competitive ride isn’t the only bicycle-related event that passes through central Kansas this month. With three riders killed while traveling through the state over the past five years, cyclists and event organizers are asking motorists to be aware and share the road. State law requires at least 3 feet of space between a cyclist and a vehicle when passing, so drivers should pass like any other vehicle, only when it is safe to do so with sufficient space. Two races — the Trans Am [...]

Markets are beginning to anticipate an even faster pace of interest rate hikes, and Federal Reserve officials apparently are contemplating the possibility as well. Central bank policymakers are entertaining the idea of a 75 basis point increase to the Fed’s benchmark funds rate that banks charge each other for overnight financing, according to CNBC’s Steve Liesman. Changes in the economic outlook, including the likelihood that inflation hasn’t peaked and is running well ahead of the Fed’s 2% goal, could influence a bigger rate move during the two-day meeting that concludes Wednesday. A 75 basis point move is “a real distinct possibility,” [...]

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.