10-year Treasury yield tops 4.2% for first time since 2008

Treasury yields rose on Thursday after surging to highs not seen in more than a decade in the previous session. The benchmark 10-year Treasury yield climbed 9 basis points 4.22% in midday trading, hitting its highest level since 2008. The yield on the policy-sensitive 2-year Treasury traded up nearly five basis points to 4.601%. Yields and prices move in opposite directions and one basis point equals 0.01%. Many investors been concerned about the economy contracting as the Federal Reserve has been hiking interest rates to fight persistent inflation. Another 75 basis point hike is expected from the central bank at its next meeting on Nov. 1 and 2.
Source: CNBC – Bonds

Ranson Financial2022-10-21T00:27:52-05:00October 21, 2022|News|

Wichita police say they’ve made largest fentanyl bust in department history

Officers have made the largest fentanyl bust in Wichita police history, the department said Thursday. It’s enough pills to possibly kill the entire population of Wichita. “We’ve estimated — based on weight — the number of pills to be somewhere in the area of half a million to a million, which would make this the largest seizure of fentanyl for our agency to date and a record seizure nationwide,” the department said in a Facebook post.
Source: Wichita Eagle

Ranson Financial2022-10-24T07:15:20-05:00October 21, 2022|News|

City interested in revitalizing downtown Wichita library

The City of Wichita is wanting to breathe new life into the old downtown library and its asking for your help. The city has put out a request for information to see what different ideas are out there to reuse the over 50-year-old building at Main and English. It was the long-time site of the county’s COVID vaccine clinic and that helped spark interest in bringing the building back to life once more. Mayor Brandon Whipple says he received several emails, social media posts and other communications about interest in the building during the time the clinic was active. So, when it wrapped up, city staff started to talk more about how to continue using the space.
Source: KAKE – News

Ranson Financial2022-10-21T07:40:18-05:00October 21, 2022|News|

Affordable housing shortage in Wichita leaves hundreds of low-income residents nowhere to go

“I just want a place where I pay rent that my children lay their heads, and I lay my head, to be suitable for us. We’re not animals,” said Heather Jay. Jay is in the process of applying for a Housing Choice Voucher, also known as Section 8. But she already lives in public housing and says it’s a nightmare. “It’s hard to find somewhere that will pass inspection because they do have to do an inspection,” said Jay. But she’s lucky to even have an apartment at a place that accepts Section 8.
Source: KAKE – News

Ranson Financial2022-10-21T00:18:36-05:00October 21, 2022|News|

Topeka officials want change in response to vacant house fires

After two vacant house fires yesterday, city officials are eager to bring change to Topeka. Councilwoman Karen Hiller and Christina Valdevia-Alcala have been working to create the “Changing our Culture of Property Maintenance” committee to improve city maintenance. Hiller says one way of preventing vacant house fires is to secure these vacant properties and monitor them to make sure no one is using them illegally.
Source: KSNT 27 News

Ranson Financial2022-10-21T07:42:52-05:00October 21, 2022|News|

Topeka gives away 200 free weatherization kits

Up to 200 free weatherization kits will be distributed to local residents this weekend. The Kansas Gas Service and the City of Topeka worked together to provide these free weatherization kits to help local residents prepare their homes for the coming winter. The kits will be distributed to those who signed up for them on Thursday, Oct. 20 at 215 SE 7th St. in downtown Topeka. “In anticipation of winter, Kansas Gas Service is proud to provide weatherization kits to our Topeka neighbors,” said Lindsay Freeman, State Manager of Community Relations for Kansas Gas Service. “Weatherizing your home helps you save money by saving energy, and it can also improve the comfort of your home.”
Source: KSNT 27 News

Ranson Financial2022-10-21T07:43:04-05:00October 21, 2022|News|

Changing Our Culture initiative gets lawn mowed in Topeka

A new initiative in Topeka, called “Changing our Culture’ is designed to improve the quality of structures and premises in Topeka, so that structures and premises violations are the exception rather than the rule. Owners are motivated to take care of properties before city departments are even called. “We got involved because the city of Topeka gets complaints about overgrown lawns of substandard property and the issue is what do we do about it. We decided about a year and a half ago to take on the whole thing. We came up with a five year goal to only have 500 substandard properties in this town at one time,” said Karen Hiller, district 1 city council member.
Source: KSNT 27 News

Ranson Financial2022-10-21T00:10:47-05:00October 21, 2022|News|

Topeka mall demolition leads to new opportunities

The construction fence is coming down as demolition at the former White Lakes Mall comes to a close. District 5 Council Member Brett Kell says there is already interest in this area by three businesses. With talk of business moving into south Topeka, businesses that are already here are eager to see what’s to come. Jay Ives, president of the Blind Tiger, says that this will be a good thing to Topeka. “It’s about time that something is done with the White Lakes mall,” said Ives. “So, now that the building is down and the developer, we hear is ready to announce, we are waiting to hear what’s going to happen and this is going to be a very big thing for the capitol city.”
Source: KSNT 27 News

Ranson Financial2022-10-21T07:43:30-05:00October 21, 2022|News|

Mission weighs new regulations for e-cigarette retailers

The city of Mission is weighing new regulations on shops that sell e-cigarettes and other vaping products. … The regulations would impose a limit on vape shops from opening up within a certain distance from schools, daycare centers, churches or colleges. The idea is modeled off similar limits already in place in Shawnee, Mission City Administrator Laura Smith told the finance committee on Oct. 12. Shawnee currently does not allow e-cigarette and tobacco retailers within 200 feet of schools.
Source: Prairie Village Post

Ranson Financial2022-10-21T07:44:11-05:00October 21, 2022|News|

Medical marijuana advocates press legislators to change law over objections by Kansas police

Medical marijuana has long been a controversial topic in Kansas, with many advocating for the drug as a pain relief substitute that is less addictive than opioids. Ahead of the 2023 legislative session, the committee is trying to address areas of concern about legislation to legalize medical marijuana. Kansas sheriffs and police officers have objected to legalizing medical marijuana, writing that they would never be “supportive or even neutral” about legalization in Oct. 12 testimony submitted to the committee. The testimony was submitted by the Kansas Association of Chiefs of Police, Kansas Sheriffs Association and Kansas Peace Officers Association.
Source: The Lawrence Times

Ranson Financial2022-10-21T07:45:36-05:00October 21, 2022|News|