News Results

  1. Northeast municipal volume took hardest fall of any region in 2023
    SourceMedia Bond Buyer | 08:00 AM EST

    An off year from municipal bond issuers in the Northeast in 2023 pulled the national volume numbers into negative territory.

  2. Supply pressure mounts yet muni yields steady for now
    SourceMedia Bond Buyer | 02/23/24 04:34 PM EST

    The week ahead boasts some big-name issuers and rare credits, which should provide interesting price discovery. The new-issue calendar totals $6.08 billion, with a larger competitive calendar coming in at $2.4 billion.

  3. Alabama airports could turn to public private partnerships under bill
    SourceMedia Bond Buyer | 02/23/24 11:02 AM EST

    "This bill is aimed at providing more economic opportunity for our cash-strapped airports," said bill sponsor Rep. Chip Brown before the House passed it 98-2.

  4. Feds tout infrastructure law's aid to Miami airport construction projects
    SourceMedia Bond Buyer | 02/23/24 09:46 AM EST

    U.S. DOT Deputy Secretary Polly Trottenberg traveled to Miami-Dade County to highlight the $27 million of funding provided under the bipartisan infrastructure law to Miami International Airport's improvement projects.

  5. Fourth quarter gains push Far West muni bond volume out of doldrums
    SourceMedia Bond Buyer | 02/23/24 08:00 AM EST

    "I think we are starting toward higher volume," said Raul Amezcua, senior director at Samuel A. Ramirez & Co.

  6. S&P lowers outlook on Chicago's GO bonds to stable
    SourceMedia Bond Buyer | 02/22/24 06:53 PM EST

    S&P cited budget pressures that have not been counterbalanced by new revenue growth when lowered the outlook on the city's BBB-plus rated GO bonds.

  7. Sidelined cash may want to stay sidelined
    SourceMedia Bond Buyer | 02/22/24 03:46 PM EST

    Supply is expected to increase in the coming weeks, and there may be more rate-direction volatility, said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.

  8. Treasury, wrestling with challenges, leveraging private sector
    SourceMedia Bond Buyer | 02/22/24 02:26 PM EST

    Recent hires shows an agency looking for answers as it tackles major initiatives.

  9. Southeast municipal bond volume fell in 2023 as uncertainty hit issuance
    SourceMedia Bond Buyer | 02/22/24 08:00 AM EST

    Natural gas prepayment deals helped drive the utilities sector to top the Southeast in an overall down year for municipal bond sales across the region.

  10. PREPA judge rejects immediate consideration of bondholders' efforts for a receiver
    SourceMedia Bond Buyer | 02/21/24 05:44 PM EST

    U.S. District Judge Laura Taylor Swain said she would consider the motion during a scheduled May 22 bankruptcy hearing.

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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