News Results

  1. Another solid supply week ahead
    SourceMedia Bond Buyer | 07/11/25 04:51 PM EDT

    New York issuers lead a $9 billion slate.

  2. Local governments taking harder look at agreements with investor-owned utilities
    SourceMedia Bond Buyer | 07/11/25 03:08 PM EDT

    Some local governments have begun formal assessments about whether electric services to their communities should be municipalized or whether their existing franchise agreements can be updated in their favor.

  3. Tardy audits bring Anchorage, Alaska, a negative rating outlook
    SourceMedia Bond Buyer | 07/11/25 02:41 PM EDT

    The negative outlook affects about $1.1 billion in combined GO and lease revenue debt, according to Fitch.

  4. University of Chicago's Harris School aims to build muni talent pipeline
    SourceMedia Bond Buyer | 07/11/25 02:26 PM EDT

    The Harris School of Public Policy is launching a new course, "Careers in Municipal Finance," designed to grow the public finance talent pipeline.

  5. Commission will reconsider Virgin Islands WAPA rate cut
    SourceMedia Bond Buyer | 07/11/25 12:06 PM EDT

    The Public Service Commission said it will reconsider rates at its August meeting.

  6. Munis steady, UST yields rise slightly in spots
    SourceMedia Bond Buyer | 07/10/25 04:06 PM EDT

    The market has seen some "weirdness" in the muni curve, said Craig Brandon, co-head of muni investments at Morgan Stanley Investment Management.

  7. States wrestling with budget uncertainties
    SourceMedia Bond Buyer | 07/10/25 02:33 PM EDT

    Most states have already enacted their budgets for the fiscal year as the effects of Medicaid restrictions and tax policy changes in the One Big Beautiful Bill are being analyzed and raising concern.

  8. Solid waste muni offering due from company facing investor lawsuit
    SourceMedia Bond Buyer | 07/10/25 12:17 PM EDT

    Noble Environmental was sued by a shareholder last year in a case that is unresolved as it plans a $250 million tax-exempt debt offering.

  9. Eight years down and no end in sight: PREPA's long bankruptcy
    SourceMedia Bond Buyer | 07/10/25 07:58 AM EDT

    As long as the Oversight Board offers virtually nothing to many PREPA bondholders, the bankruptcy is likely to be tied up for years in litigation.

  10. Munis little changed amid a busy primary market
    SourceMedia Bond Buyer | 07/09/25 04:06 PM EDT

    "Municipal outperformance against taxable sectors has moved short-term ratios on or through their 252-day moving averages, while intermediate and long maturities are holding at or above average ranges," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.

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.

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