News Results

  1. New Jersey receives rating outlook lift from Moody's
    SourceMedia Bond Buyer | 09/30/22 05:01 PM EDT

    Friday's action brings the state's outlook to positive with all four major credit rating agencies.

  2. Munis steady to close out month of large losses; $3.8B on tap
    SourceMedia Bond Buyer | 09/30/22 04:11 PM EDT

    Triple-A yields rose more than three-quarters of a point on the front end and nearly half a point out long in September as munis posted 3.84% losses.

  3. September issuance plummets 43%; Q3 down 26%
    SourceMedia Bond Buyer | 09/30/22 01:23 PM EDT

    For the first three quarters, total issuance sits at $308.440 billion, down from $361.932 billion in 2021. Taxables are down 48.0% to $45.724 billion from $87.979 billion.

  4. Issuer coalition pushes senators to oppose financial disclosure bill
    SourceMedia Bond Buyer | 09/30/22 12:59 PM EDT

    Legislation requiring standardized financial disclosure from issuers is attached to a must-pass defense bill, which narrows the window to fight the measure.

  5. Role of swaps in VRDO lawsuits expanding
    SourceMedia Bond Buyer | 09/30/22 12:12 PM EDT

    Recent court decisions have the potential to up the ante in lawsuits accusing major banks of manipulating the variable-rate market.

  6. Market data platform provider SOLVE Advisors acquires fintech Lumesis
    SourceMedia Bond Buyer | 09/30/22 10:45 AM EDT

    Upon integration, the Lumesis DIVER product suite will provide additional municipal asset class workflow, analytics related to price transparency, and regulatory-related solutions to SOLVE'S Market Data Platform.

  7. Plans set for 10th annual Massachusetts Investor Conference
    SourceMedia Bond Buyer | 09/30/22 10:09 AM EDT

    The October event will feature private and public sector experts on education, community development and ESG.

  8. Munis weaker in spots while outflows top $3.6B
    SourceMedia Bond Buyer | 09/29/22 04:24 PM EDT

    In the competitive market Thursday, the New York Urban Development Corp. sold $1.443 billion of tax-exempt personal income tax revenue bonds.

  9. USVI Water and Power Authority nearing major solar energy deal
    SourceMedia Bond Buyer | 09/29/22 03:49 PM EDT

    The goal is to reduce energy costs and exposure to energy price spikes.

  10. Illinois draws healthy number of bids as spreads ratchet wider
    SourceMedia Bond Buyer | 09/29/22 03:13 PM EDT

    The state spreads landed wide compared to a May sale, but remained far narrower than early in the pandemic and during the state's two-year budget impasse.

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.