News Results

  1. Munis mixed after Biden election bow out
    SourceMedia Bond Buyer | 07/22/24 03:49 PM EDT

    The initial reaction was a little bit a flight-to-quality trade in rates, which is supportive of USTs and munis as safe-haven assets do well during times of uncertainty, said Chris Brigati, senior vice president and director of strategic planning and fixed income research at SWBC.

  2. Amid political drama, muni lobby keeps eye on the prize
    SourceMedia Bond Buyer | 07/22/24 03:04 PM EDT

    "Lobbyists have to be prepared for any eventuality," said Chuck Samuels, attorney at Mintz Levin and counsel to the National Association of Health & Educational Facilities Finance Authorities.

  3. HY sees strength, inflows to continue
    SourceMedia Bond Buyer | 07/22/24 01:52 PM EDT

    The high-yield sector continues to show strength, with inflows of $364.4 million for the week ending Wednesday, marking 13 straight weeks of inflows, according to LSEG Lipper.

  4. FINRA charges firm $17,500 for reg BI violations
    SourceMedia Bond Buyer | 07/22/24 12:59 PM EDT

    The Jeffrey Matthews Financial Group has been fined by FINRA for failing to achieve compliance with Regulation Best Interest.

  5. Chicago Transit Authority CFO Jeremy Fine leaves agency
    SourceMedia Bond Buyer | 07/22/24 09:43 AM EDT

    Chicago Transit Authority CFO and Treasurer Jeremy Fine is leaving the agency, CTA President Dorval Carter, Jr., announced.

  6. Tennessee's Erlanger Health upgraded by Moody's and Fitch
    SourceMedia Bond Buyer | 07/22/24 08:49 AM EDT

    Both ratings agencies cited the health system's improved liquidity in recent years.

  7. Transit's fiscal cliff is here. Which systems will go over the edge?
    SourceMedia Bond Buyer | 07/22/24 08:00 AM EDT

    One-time spending, rainy-day funds and fare hikes are forming a rickety bridge for crossing the transit funding ravine.

  8. Judge permanently prohibits enforcement of Oklahoma's anti-ESG law
    SourceMedia Bond Buyer | 07/19/24 04:12 PM EDT

    The state attorney general's office said it will appeal the ruling prohibiting enforcement of 2022's Energy Discrimination Elimination Act.

  9. Munis little changed, new-issue calendar remains healthy
    SourceMedia Bond Buyer | 07/19/24 03:42 PM EDT

    The new-issue calendar is at $9.7 billion the week, led by the Texas Transportation Commission with $1.7 billion of first-tier and second-tier revenue refunding bonds.

  10. MSRB meeting will address contentious regulations
    SourceMedia Bond Buyer | 07/19/24 12:37 PM EDT

    The board's next quarterly meeting, scheduled for July 24-25, will include a review of market regulations, structure, and transparency issues .

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.