News Results

  1. Muni AAA yields are at highs for year
    SourceMedia Bond Buyer | 03:53 PM EDT

    Despite higher yields, muni to UST ratios remain rich. Ratios look "progressively richer" moving into the five- to 10-year part on the curve, with the 10-year spot "still far more attractive in taxables versus tax-exempts," J.P. Morgan said.

  2. Growing federal debt has negative knock-on effects for munis
    SourceMedia Bond Buyer | 03:28 PM EDT

    The growing federal debt level may pressure lawmakers to retract or reduce the tax-exemption for munis to generate revenue, some market participants argue.

  3. Norton Rose hires P3 expert Patrick Harder from Nossaman
    SourceMedia Bond Buyer | 02:17 PM EDT

    It's a time of change, challenge and opportunity in the infrastructure and P3 space, Patrick Harder said.

  4. MSRB holds second stakeholder meeting on budget process
    SourceMedia Bond Buyer | 02:04 PM EDT

    The meeting was attended by trade organizations, MSRB board leadership, Finance Committee members and MSRB senior staff.

  5. FEMA requests additional $9 billion for disaster relief fund
    SourceMedia Bond Buyer | 12:26 PM EDT

    The Federal Emergency Management Agency is asking for an additional $9 billion for this year in hopes they don't run out of funds in August as they're currently slated to.

  6. SEC wins case against Rochester MAs over conflicts of interest disclosure
    SourceMedia Bond Buyer | 11:29 AM EDT

    The SEC won its case against Richard Ganci and Richard Tortora of Capital Markets Advisors over conflicts of interest present in their fee arrangement in connection to a $119 million offering for the City of Rochester, New York.

  7. Options open for public-private partnerships on workforce housing
    SourceMedia Bond Buyer | 08:00 AM EDT

    States are increasingly turning to public-private partnerships with developers to create new workforce housing so residents can afford to live where they work.

  8. Southeast Energy, University of Texas, NYC waters lead large new-issue day
    SourceMedia Bond Buyer | 04/16/24 04:19 PM EDT

    "April has been one of the worst-performing months over the past five years, which we believe warrants continued caution," BlackRock (BLK) strategists said.

  9. Los Angeles Mayor Bass sets agenda in State of the City speech
    SourceMedia Bond Buyer | 04/16/24 03:12 PM EDT

    Los Angeles Mayor Karen Bass aimed high in her State of the City speech just days before she will release a budget that needs to close a nearly half-billion-dollar deficit.

  10. Wells Fargo brings on former Citi employee Lauren Saporito as senior salesperson
    SourceMedia Bond Buyer | 04/16/24 09:52 AM EDT

    The firm said Saporito's hiring is among several other additions made to beef up Wells Fargo's (WFC) commitment to munis.

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.