News Results

  1. Munis firmer, inflows into muni mutual funds continue
    SourceMedia Bond Buyer | 03:56 PM EST

    Investors added $238.5 million to municipal bond mutual funds in the week ending Wednesday, following?$1.124 billion of inflows the prior week, according to LSEG Lipper data.

  2. Muni advocates raise the stakes in tax-exempt fight
    SourceMedia Bond Buyer | 02:23 PM EST

    As Congress begins hammering out the budget resolutions that will shape the country's fiscal future, muni lobbyists double down on efforts to keep the tax-exemption in place.

  3. Bill restoring tax-exempt advance refunding introduced in House
    SourceMedia Bond Buyer | 01:35 PM EST

    The legislation comes as the municipal market industry fends off threats to tax-exempt municipal bonds.

  4. A taxable muni market would mean less liquidity, a 'modest' rise for outstanding tax-exempt bonds
    SourceMedia Bond Buyer | 12:57 PM EST

    Portfolio managers seem more sanguine about threats to the tax exemption from Congress.

  5. Federal debt on collision course with Congress
    SourceMedia Bond Buyer | 09:52 AM EST

    The rising costs of federal debt, an impending budget showdown, and Congressional turmoil is highlighting the complex relationship between Treasury securities and municipal bonds.

  6. Florida governor's budget generally seen as fiscally positive
    SourceMedia Bond Buyer | 08:00 AM EST

    DeSantis' proposed all government activities budget is 2.5% lower than the current year's budget.

  7. Hot inflation data sends yields soaring
    SourceMedia Bond Buyer | 02/12/25 04:19 PM EST

    Inflation is front and center this week, with the consumer price index report released on Wednesday and the producer price index on Thursday.

  8. House budget blueprint calls for $2 trillion of cuts over 10 years
    SourceMedia Bond Buyer | 02/12/25 01:59 PM EST

    The deeper the proposed cuts, the more the municipal market fears for the fate of tax-exempt bonds.

  9. Muni advocates won't give up tax exemption without a fight
    SourceMedia Bond Buyer | 02/12/25 12:00 PM EST

    The tax exemption has been in place for more than 110 years, but Republicans say its removal is vital for prolonging many parts of the Tax Cuts and Jobs Act.

  10. As charter credit picture worsens, some networks hold their own
    SourceMedia Bond Buyer | 02/12/25 08:00 AM EST

    Charter schools drove the worst January ever for impairments since Municipal Market Analytics began tracking default trends, the firm said in a Feb. 5 report.

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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