Muni yields rise to a more ‘normalized’ absolute range

Municipal yields rose as much as seven basis points in spots along the curve Tuesday as municipal investors rode the rapid rise in U.S. Treasuries and a volatile equity market as a time to move the asset class into a higher-yield environment. Triple-A benchmark yield curves cut levels by two to seven basis points. Selling pressure was felt across the curve, but most in the belly once again, where high-grade names were trading off, but bid-side depth was weak, traders noted. Municipals have not tracked directly with the UST moves, where the 10- and 30-year UST has risen 24 and 26 basis points, respectively, from Wednesday. Municipals have seen yields rise by 16 and 11 basis points on the 10- and 30-year, respectively, from Wednesday. Participants are waiting on month/quarter end calendar flip to react fully.
Source: The Bond Buyer

Ranson Financial2021-09-29T06:52:09-05:00September 29, 2021|News|

Douglas County Commission to consider proposal to bar more housing near Lawrence unless the city expands

County leaders will soon consider approving regulations that would prohibit new neighborhoods in rural areas near the City of Lawrence unless that land is ready to be added to the city. As part of its meeting Wednesday, the Douglas County Commission will consider an amendment to subdivision regulations for Lawrence and the unincorporated areas of Douglas County. The proposed changes represent a turnaround from the relative ease of subdividing rural or agricultural land into residential lots in recent decades, and would prohibit subdivisions for rural residential developments going forward unless the city approves expanding its boundaries to incorporate the land.
Source: LJWorld.com.

Ranson Financial2021-09-28T07:03:55-05:00September 28, 2021|News|

Bird scooters now available in Prairie Village

Residents and visitors can now ride Bird scooters throughout Prairie Village. After the city council approved a one-year pilot program with Bird Rides, Inc., the scooters are now available throughout the city. Riders can use the scooters in bike lanes and on the road, but not on sidewalks.
Source: Shawnee Mission Post

Ranson Financial2021-09-28T07:02:26-05:00September 28, 2021|News|

10-year Treasury yield tops 1.54%, reaching highest point since June

The 10-year U.S. Treasury yield topped 1.54% on Tuesday morning, its highest point since June, amid concerns around persisting inflation. … Federal Reserve Chairman Jerome Powell, in prepared remarks to be delivered on Tuesday, warned that higher inflation may last longer than anticipated. … In the prepared speech, he said that economic growth has “continued to strengthen” but has been met with upward price pressures caused by supply chain bottlenecks and other factors. “Inflation is elevated and will likely remain so in coming months before moderating,” Powell said.
Source: CNBC – Bonds

Ranson Financial2021-09-28T06:50:43-05:00September 28, 2021|News|

City of Altamont welcomes new city administrator

The city of Altamont is appointing a new city administrator. During last week’s city meeting, council appointed LeaAnn Myers to the role. Myers has been with the city for eleven years and has secured grants to upgrade Altamont City Park.
Source: KSNF/KODE

Ranson Financial2021-09-28T06:48:47-05:00September 28, 2021|News|

Midwesterners Are Breathing Smoky Air From California Wildfires, New Research Shows

Blood-red sunsets in the Midwest are striking but ominous illustrations of new data: Parts of the Midwest are being exposed to more wildfire smoke from the West Coast and Canada compared to more than a decade ago. Experts say the impact of the smoke on health in the region is a concern. Meteorological patterns — weather, air currents, fronts — sweep wildfire smoke hundreds of miles across the country. Nowhere in the Midwest is this increased exposure to wildfire smoke more pronounced than in western Nebraska.
Source: KCUR News

Ranson Financial2021-09-28T06:48:16-05:00September 28, 2021|News|

Hutch Fall Fest aims to celebrate the Hutchinson community

Hutch Rec is partnering with the Hutchinson Chamber’s Downtown Hutch and the Downtown Hutchinson Rod Run to create a new two-day Hutch Fall Festival, set for next weekend, to celebrate Hutchinson and the community that surrounds it. The inaugural event will include a multitude of activities for everyone in Hutchinson, children to adult, to enjoy. HutchFest used to be held in June each year, during the week leading up to July 4th. Due to hot weather and limited success in recent years, it was decided to replace that with one held in the fall, said Amy Conkling, director of marketing and development at the Hutch Rec.
Source: Hutch News

Ranson Financial2021-09-28T06:33:26-05:00September 28, 2021|News|

Municipal Bond Trends for September 27, 2021

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.

Ranson Financial2021-09-28T06:29:15-05:00September 28, 2021|News|

Iola Festival: A fine time for Buster

It’s a scene we’ve all seen: The hero floats down a raging river toward a waterfall and certain doom. Imagine watching something like that for the first time, in a movie on a big screen, nearly 100 years ago. “Our Hospitality,” a feature-length silent film made by Buster Keaton in 1923, includes just such a dramatic scene. Both Keaton and his co-star and then-wife, Natalie Talmadge, survive near-death experiences in thrilling style and some acrobatic action on the edge of a waterfall. The Buster Keaton Celebration, “In Changing Times,” offered that movie for their Friday night feature presentation. Along with the edge-of-your-seat, heart-pounding action, a six-piece orchestra added to the adventure with exhilarating music. Mont Alto Motion Picture Orchestra performed a film score for both “Our Hospitality” and Saturday’s feature, “The Three Ages.”
Source: The Iola Register

Ranson Financial2021-09-28T06:27:14-05:00September 27, 2021|News|

Sedgwick County announces plans for administering Pfizer COVID-19 booster vaccines starting Wednesday

Starting Wednesday, Sept. 29, 2021, no-cost Pfizer COVID-19 booster vaccines will be offered by the Sedgwick County Health Department at the community vaccine clinic at 223 S. Main in Wichita. SCHD mobile clinics will not provide boost doses at this time. Due to anticipated demand for booster doses, several changes are occurring at the community vaccine clinic beginning Sept. 29: Clients must schedule appointments for all vaccine doses. There will be no walk-ins at the community
vaccine clinic. People should also bring documentation of their first and second doses to the vaccine site. Clinic hours will change to 9 a.m. to 7 p.m. Monday through Thursday and 9 a.m. to 5 p.m. Friday and Saturday. The clinic is closed Tuesday, Sept. 28.
Source: KSN-TV

Ranson Financial2021-09-27T20:39:53-05:00September 27, 2021|News|