Lawrence city leaders will soon consider suspending certain building and fire codes to enable the city to use two recreation centers to provide overnight shelter during the winter for up to 150 people experiencing homelessness. As part of its meeting Tuesday, the Lawrence City Commission will consider a resolution to temporarily suspend enforcement of certain provisions of the city’s land development code, international building code and international fire code from Nov. 3 to March 31 to allow the recreation centers to be used as emergency overnight shelters during that time period.
Source: LJWorld.com.

The gap between yields on shorter- and longer-term Treasurys narrowed at month’s end, reflecting the tension between investors’ expectations that interest rates will climb and their concerns about the prospects for longer-term growth. Yields on longer-term Treasurys, which tend to fall when investors expect cooling economic growth, have retreated since approaching their 2021 highs earlier in October. The slide came after new data showed tepid growth and lingering inflationary pressures, intensifying some investors’ expectations that the Federal Reserve will hasten interest-rate increases, slowing the economy. Yields on shorter-term Treasurys, meanwhile, have continued to rise. The yield on the two-year Treasury, which tends to climb when investors expect rates to rise, settled at new yearly highs throughout the past week.
Source: Wall Street Journal

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.