News Results

  1. WAPA's financial position said to be worst in more than 30 years
    SourceMedia Bond Buyer | 05/23/24 04:09 PM EDT

    The authority's CEO said it has no money for facilty maintenance.

  2. Munis in midst of correction as yields rise further; 10-year tops 3%
    SourceMedia Bond Buyer | 05/23/24 03:47 PM EDT

    Municipal bond mutual funds saw the second week of outflows as investors pulled $217.6 million from the funds after $546.2 million of outflows the week prior, according to LSEG Lipper. High-yield saw inflows again.

  3. Demographic shifts move U.S. population toward eye of the climate storm
    SourceMedia Bond Buyer | 05/23/24 10:35 AM EDT

    Population growth has spurred economic growth in the South. But the changing climate, and risks climate change poses there, may turn that equation on its head.

  4. MSRB retires guidance on inter-dealer confirmations
    SourceMedia Bond Buyer | 05/23/24 10:31 AM EDT

    The board has knocked out nine pieces of interpretive guidance from its inter-dealer confirmation Rule G-12(c) following comments from SIFMA.

  5. Resilient infrastructure key for climate risks, but cities slow to adapt
    SourceMedia Bond Buyer | 05/23/24 10:07 AM EDT

    Local rainfall standards, which affect the design of everything from roads to bridges and stormwater systems, offer a clue whether a city or state is taking infrastructure resilience seriously. Outdated standards remain in many areas, like in the Pacific Northwest.

  6. Israel bond lawsuit brings Florida's anti-ESG law into play
    SourceMedia Bond Buyer | 05/23/24 08:02 AM EDT

    Palm Beach County residents are using a Florida law passed last year aimed at ESG investing to challenge its county's investment in Israel bonds.

  7. Yields rise, muni-to-UST ratios climb higher
    SourceMedia Bond Buyer | 05/22/24 04:07 PM EDT

    The ongoing influx of new-issue supply has pushed muni-UST?ratios to at or near year-to-date highs, J.P. Morgan strategists said.

  8. Indiana finishes part one of state's largest commuter rail project
    SourceMedia Bond Buyer | 05/22/24 03:58 PM EDT

    Indiana officials celebrated the completion of the first of three major commuter railway upgrades, which together represent the state's largest rail project.

  9. MTA board gives the nod to refund up to $3.7B BABs
    SourceMedia Bond Buyer | 05/22/24 03:40 PM EDT

    More than two dozen issuers have announced plans to refund their BABs this year, despite objections from investors.

  10. Investors bet on municipal bonds despite accelerating climate concerns
    SourceMedia Bond Buyer | 05/22/24 02:16 PM EDT

    The steady demand for municipal bonds in high-risk areas underscores the complex relationship between climate change and financial markets.

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.