News Results

  1. September losses erase earlier gains; muni YTD returns -1.79%
    SourceMedia Bond Buyer | 03:59 PM EDT

    The Bloomberg Municipal Index and High-Yield Index lost 3.3% and 3.9%, respectively, in September.

  2. September sees first month of YOY supply growth
    SourceMedia Bond Buyer | 02:28 PM EDT

    September's total volume ticked up 1.2% to $27.585 billion in 531 issues from $27.251 billion in 592 issues a year earlier. However, the month's total is lower than the $30.652 billion 10-year average, according to Refinitiv data.

  3. Congressmen urge FRA to reject Texas high-speed rail grants
    SourceMedia Bond Buyer | 01:44 PM EDT

    The Amtrak-Texas Central proposal to build high-speed rail between Dallas and Houston would take land "from American citizens and put it under the control of a Japanese company," a pair of Texas Republican representatives told the FRA.

  4. MSRB requests comment on G-12 on uniform practice
    SourceMedia Bond Buyer | 12:07 PM EDT

    The draft amendments seek to retire 40 pieces of interpretive guidance related to interdealer confirmations.

  5. Into the weeds: CBC surveys New Yorkers on the state of their city
    SourceMedia Bond Buyer | 11:09 AM EDT

    Ed Koch, the late mayor of New York, used to ask residents "How am I doin' ?" The Citizens Budget Commission plans to do that this fall with a survey.

  6. MSRB's FY 2024 priorities include new regulations, EMMA updates
    SourceMedia Bond Buyer | 10:20 AM EDT

    The Municipal Securities Rulemaking Board heads into its new fiscal year focused on market regulation, improving data for the muni market, and updating its EMMA technology platform.

  7. Piper Sandler names two to replace Frank Fairman as public finance head
    SourceMedia Bond Buyer | 10:20 AM EDT

    Dustin Avey and Jeremy Garber were named co-heads of public finance; Fairman, a 40-year veteran of the firm, will remain in an advisory capacity into 2024.

  8. Munis face large losses while outflows hit $1.2B
    SourceMedia Bond Buyer | 09/28/23 04:01 PM EDT

    The last time muni mutual funds saw outflows top $1 billion was the week ending May 31 when they were $1.345 billion.

  9. WAPA leader sees progress on debt retirement
    SourceMedia Bond Buyer | 09/28/23 03:53 PM EDT

    CEO Andrew Smith says authority is taking steps toward settling its outstanding debt.

  10. Muni market keeps wary eye on likely government shutdown
    SourceMedia Bond Buyer | 09/28/23 01:08 PM EDT

    "The major question is whether a shutdown is going to result in a ratings impact in the municipal market, and the answer here is no," said Jennifer Johnston, director of research for Franklin Templeton's fixed income-municipal bond team.

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.