News Results

  1. Small mutual fund inflows, a stronger secondary close out month
    SourceMedia Bond Buyer | 04:23 PM EST

    Municipals look poised to close out February a touch in the black following a more constructive tone Thursday after being in a 'holding pattern' for much of the past two weeks.

  2. Utah bill doubling bonding authority for hospital project passes
    SourceMedia Bond Buyer | 02:39 PM EST

    Escalating costs led University of Utah Health to seek a doubling of its bonding authority from the state legislature for a medical campus project.

  3. Feds send $9.9 billion of transit funds to states, cities for 2024 planning
    SourceMedia Bond Buyer | 02:10 PM EST

    The urbanized area grant program makes up nearly half of the funds, with the New York-Newark area getting the largest tranche, at $1.24 billion.

  4. Bipartisan bill allows tax-exempt bonds for space infrastructure
    SourceMedia Bond Buyer | 01:23 PM EST

    Spaceports should have the same access to tax-exempt financing as airports and seaports, supporters say.

  5. Head of Oklahoma Turnpike Authority resigns in wake of legal opinion
    SourceMedia Bond Buyer | 11:53 AM EST

    Oklahoma Attorney General Gentner Drummond released opinions that disallowed the holding of multiple government roles by Turnpike Authority Executive Director Tim Gatz and upheld the constitutionality of a 2023 law that altered the turnpike's governance structure.

  6. West Virginia treasurer warns new banks of ESG-based blacklisting
    SourceMedia Bond Buyer | 08:00 AM EST

    Six financial institutions may be placed on West Virginia's restricted list if they are found "boycott" the fossil fuel industry, Riley Moore said.

  7. Investor pressure creeps in as supply grows with primary deals seeing higher yields
    SourceMedia Bond Buyer | 02/28/24 04:05 PM EST

    Issuance is already slated to be healthy next week, with some large deals on the calendar.

  8. Hope fades for attaching MAMBA to farm bill
    SourceMedia Bond Buyer | 02/28/24 02:16 PM EST

    The Aggie bond legislation appears stuck in Congress.

  9. Morgan Stanley hires former Citi bankers to lead key public finance groups
    SourceMedia Bond Buyer | 02/28/24 02:13 PM EST

    Three of the hires are group heads in public sector and structured finance businesses at the firm.

  10. Norton Rose Fulbright hires Radecki, Pennock
    SourceMedia Bond Buyer | 02/28/24 12:23 PM EST

    Public finance lawyers Alison Radecki and Helen Pennock, who come to the firm from Orrick, Herrington & Sutcliffe, will work of of the New York City office.

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.