Muni bonds: Speaking to investors

BY SourceMedia | MUNICIPAL | 11/09/23 04:27 PM EST

Join us for an insightful discussion on the volatile recent activity in the municipal bond market and the opportunities and risks that lie ahead. Watch the recording of the Fixed Income Summit's municipal bond-focused segment with Jim Pruskowski of 16 Rock Asset Management, Jennifer Johnston of Franklin Templeton, and Grant Dewey of Build America Mutual. Gain valuable insights into this dynamic asset class below.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.