10Y Treasury Yield Surges To Highest In A Decade As Fed Decision Looms

20 Tuesday, September 20

10Y Treasury Yield Surges To Highest In A Decade As Fed Decision Looms

info2022-09-20T08:32:49-05:00September 20th, 2022|

The benchmark Treasury Yield rose to its highest level since April 2011 as investors brace for another major interest rate hike this week. 10-Year U.S. Treasury yield climbed to the highest level since April 2011 as markets brace for a third straight 75 basis points interest rate hike at the Fed’s Wednesday. The benchmark 10-year yield rose six basis points to over 3.5%, a new decade high.... The jump comes as investors await the Federal Open Market Committee (FOMC) meeting on Sept. 20-21, when the U.S. central bank is almost widely expected to deliver another 75 bps interest rate hike after [...]

20 Tuesday, September 20

Wichita Fire Department building temporary station to help response times around Amidon bridge construction

info2022-09-20T08:33:23-05:00September 20th, 2022|

The Amidon bridge is a vital artery for traffic for north and west Wichita. Darrin Smith lives right at the bridge's south end and says he uses it constantly. "Sometimes two, three times a day just to go over to the grocery stores, or to grab a coffee or just something to eat really quick, or even the gym,” he told KAKE Monday. The City of Wichita started prep work to tear down the bridge and replace in on Monday. It a project that could last up to a year and a half. Smith says the work has led some of his [...]

20 Tuesday, September 20

Augusta to consider overturning breed-specific dog ban

info2022-09-20T08:34:23-05:00September 20th, 2022|

The Augusta City Council on Monday will be considering the first draft of a revised animal control ordinance that would do away with banning specific dog breeds. The ordinance will be discussed at the council's regular meeting at 7 p.m. City Code Ch. 2, Article 1, 2-114 Dangerous Dogs; prohibited states, “It shall be unlawful for any person or legal entity to keep, harbor or in any way possess a dangerous dog as defined by this article within the limits of the City of Augusta, Kansas.” "The current draft of the revised city ordinance would continue to address dangerous animals, but the provisions would [...]

20 Tuesday, September 20

New state website focuses on investor education

info2022-09-20T07:38:03-05:00September 20th, 2022|

The Kansas Insurance Commissioner and Securities Commissioner have jointly announced a new state website to educate individual investors and help them avoid fraud. SmartInvestKS.com uses a sports theme to help teach Kansas investors how to invest wisely and avoid fraud. “Over a century ago, Kansas became the first state in the country to pass laws protecting consumers and their investments,” says Insurance Commissioner Vicki Schmidt. “The investment world looks different than it did back then but our commitment to protecting Kansans remains steadfast.” Securities Commissioner Dan Klucas says that the financial damage that can be inflicted by investment fraud can rarely [...]

20 Tuesday, September 20

Prairie Village City Hall to undergo first major renovation in quarter century

info2022-09-20T08:35:08-05:00September 20th, 2022|

The Prairie Village City Council earlier this month unanimously approved a $130,000 contract to jump start the design process for a city hall renovation. The project will be the first large-scale renovation of Prairie Village’s municipal campus on Mission Road since 1996, according to city documents. Melissa Prenger, senior project manager for the city, told the city council on Sept. 6 this is the result of knowing city staff is outgrowing its space at City Hall. Source: Prairie Village Post

20 Tuesday, September 20

Derby approves new pavement process for annexed neighborhoods

info2022-09-20T08:35:37-05:00September 20th, 2022|

The final piece of Derby’s 2022 pavement rehabilitation project, which was approved by the City Council at its most recent meeting, addresses some unique situations within the city limits. Back in 2013, city policy was amended to allow for surfacing of sand/gravel in areas annexed into Derby (following a petition from residents). Residents in the annexed Farborough Estates, Oakridge Estates and Woodland Valley Estates took advantage of that policy and had their streets resurfaced with a cement-stabilized base and chip seal surface (super slurry). Source: Derby Informer | News

20 Tuesday, September 20

Lawrence City Commission to consider utility rate increases and weigh options to expand assistance programs

info2022-09-20T07:33:42-05:00September 20th, 2022|

Lawrence city commissioners on Tuesday will consider water, sewer, solid waste and stormwater rate increases, and assess possible ways to expand a program to help financially stressed residents pay their bills. ... Commissioners will discuss the options and obstacles attached to expanding its utility assistance program in light of probable utility rate increases. The city’s current “Low-Income Elderly Rate” program helps people ages 60 and older who are impoverished. To qualify, an older individual must make less than $14,168 from all income sources, or those with head-of-household status must have total household incomes of no more than $19,162, according to a [...]

19 Monday, September 19

New jobs come to Hesston

info2022-09-20T07:43:49-05:00September 19th, 2022|

Stanley Black & Decker, formerly Excel Industries, which manufactures Hustler-brand mowers sold nationwide, is expanding its workforce. The company aims to hire 70 employees over the next three months. Stanley Black & Decker, the world’s largest tools company and an outdoor equipment leader, is hiring employees at its Hesston plant to support its manufacturing of zero-turn radius mowers. Source: Salina Journal

19 Monday, September 19

Municipal Bond Trends for September 19, 2022

info2022-09-20T07:39:47-05:00September 19th, 2022|

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.

19 Monday, September 19

10-year Treasury yield jumps to 3.51%, the highest level since 2011

info2022-09-19T08:41:19-05:00September 19th, 2022|

Treasury yields ticked higher early Monday as traders anticipate the U.S. Federal Reserve's next moves in the face of persistently high inflation. The yield on the 2-year Treasury bond rose 7 basis points to trade at 3.93% at 6:41 a.m. ET, trading around levels not seen since 2007. The yield on the 10-year Treasury, meanwhile, gained nearly 5 basis points to 3.494%. ... The Fed's two-day meeting is due to begin Tuesday, with most market participants expecting another 75-basis-point hike by the central bank. Some analysts have, however, argued the Fed could increase interest rates by a full point, or 100 [...]