Municipal Bond Trends for May 29, 2024

30 Thursday, May 30

Municipal Bond Trends for May 29, 2024

2024-05-30T10:45:11-05:00May 30th, 2024|

The interest rate table above illustrates recent changes in a sample of MBIS "investment grade" yields. Every issuer's credit is different, and other financing sources may be available. To obtain comprehensive Financial Advisory services for your local government, contact your Ranson Financial Municipal Advisor, Larry Kleeman, or Henry Schmidt.

29 Wednesday, May 29

“Little House on the Prairie” cast to gather in Independence

2024-05-29T16:48:56-05:00May 29th, 2024|

The cast from the popular television program “Little House on the Prairie,” which aired on NBC television in the 1970s and 1980s, are hitching up the wagons and headed to Independence on May 31-June 2 for a reunion experience with fans. This year marks the 50th anniversary of the popular television show that was based on the children’s novel by the same written by Laura Ingalls Wilder. The book, which is a fictional account of early-day pioneers in Kansas, is based on the Ingalls family’s years in Montgomery County. The Ingalls family lived in Rutland Township from 1868 to 1871. Source: [...]

29 Wednesday, May 29

Municipal Bond Trends for May 28, 2024

2024-05-29T12:17:03-05:00May 29th, 2024|

The interest rate table above illustrates recent changes in a sample of MBIS "investment grade" yields. Every issuer's credit is different, and other financing sources may be available. To obtain comprehensive Financial Advisory services for your local government, contact your Ranson Financial Municipal Advisor, Larry Kleeman, or Henry Schmidt.

28 Tuesday, May 28

Municipal Bond Trends for May 24, 2024

2024-05-28T11:08:12-05:00May 28th, 2024|

The interest rate table above illustrates recent changes in a sample of MBIS "investment grade" yields. Every issuer's credit is different, and other financing sources may be available. To obtain comprehensive Financial Advisory services for your local government, contact your Ranson Financial Municipal Advisor, Larry Kleeman, or Henry Schmidt.

24 Friday, May 24

Municipal Bond Trends for May 23, 2024

2024-05-24T11:43:19-05:00May 24th, 2024|

The interest rate table above illustrates recent changes in a sample of MBIS "investment grade" yields. Every issuer's credit is different, and other financing sources may be available. To obtain comprehensive Financial Advisory services for your local government, contact your Ranson Financial Municipal Advisor, Larry Kleeman, or Henry Schmidt.

24 Friday, May 24

Kansas communities begin cleanup, damage surveys after storms rip off roofs, down trees

2024-05-24T09:21:21-05:00May 24th, 2024|

The National Weather Service had survey teams out Monday assessing storm damage in Halstead, Newton and Russell after severe storms hit central Kansas on Sunday night. Those storms brought rain, large hail, strong wind gusts and a few reported tornadoes, according to the National Weather Service. The strongest wind gusts in the state were recorded at 100 mph at the Salina airport. The Newton and Halstead areas saw 60 mph winds gusts, according to the NWS. The NWS received 15 reports of tornadoes Sunday in Kansas, Oklahoma and Colorado, with six of those reported in Russell, Ellsworth, Lincoln and Osage County. [...]

24 Friday, May 24

Evergy says economic development will push it to boost electric generation plans

2024-05-24T09:19:17-05:00May 24th, 2024|

An economic development boom in Kansas and Missouri will drive Evergy to more than double its renewable energy generation while also adding more natural gas plants in the next 20 years. The Kansas City-based utility said its new resource plan includes 1,900 megawatts more in generation capacity than its 2023 plan. The plan, filed Friday with the Kansas Corporation Commission, outlines the company’s intention for serving customers in the next 20 years. Evergy said it will need to increase electricity generation to keep up with economic growth and the need to feed more electricity to the regional power grid. “In Kansas and Missouri, [...]

24 Friday, May 24

Munis in midst of correction as yields rise further; 10-year tops 3%

2024-05-24T09:15:22-05:00May 24th, 2024|

Municipals sold off Thursday with more cuts across the curve as a correction has ensued for the asset class just ahead of the summer reinvestment season. U.S. Treasuries saw losses and equities were also in the red. Municipal bond mutual funds saw the second week of outflows as investors pulled $217.6 million from the funds after $546.2 million of outflows the week prior, according to LSEG Lipper. High-yield continued to show strength, though, with inflows of $206.5 million after $125.7 million of inflows the previous week. The market correction may have finally begun, as triple-A yields have risen as much 13 to 17basis points [...]

24 Friday, May 24

Governor Kelly Announces $6.65M for Rural Road Safety Improvements

2024-05-24T09:13:41-05:00May 24th, 2024|

Governor Laura Kelly today announced that $6.65 million in federal funds will go to 10 rural projects to increase the safety and efficiency of local roadways. The effort is part of the Kansas Department of Transportation’s High Risk Rural Roads (HRRR) Program. “Our rural roads are important to the local and state economy,” Governor Laura Kelly said. “Programs like this enable commerce to flow smoothly and improve safety for Kansas families as they travel our state.” The HRRR program is federally funded through the Highway Safety Improvement Program and is designed to improve rural road safety. An additional $2.37 million in local funds [...]

24 Friday, May 24

Appraiser estimates $2.6 million in damage from Westmoreland tornado

2024-05-24T09:12:22-05:00May 24th, 2024|

It’s been three weeks since a tornado devastated Westmoreland and damage estimates are coming more into focus. According to the Pottawatomie County Times, Pottawatomie County Appraiser Robin Knoblauch noted at Monday’s weekly commission meeting that through her own investigation, the estimated loss in value to the city is around $2.6 million. This included 17 properties that were total losses and 10 properties that were extremely damaged and are non-livable. In addition, about 43 other properties sustained minor to major damage. Four parcels just beyond the Westmoreland city limits also sustained an estimated $400,000 in loss, including one property that was a brand [...]

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