News Results

  1. Municipal bond-funded American Dream Mall reports more red ink
    SourceMedia Bond Buyer | 01:41 PM EDT

    Costs jumped faster than revenues increased for the New Jersey Meadowlands mall in 2022, according to its annual financial report.

  2. Amid rising debt, New York MTA aims to keep accessibility promises
    SourceMedia Bond Buyer | 11:38 AM EDT

    The Metropolitan Transportation Authority pledged in a legal settlement to devote nearly 15% of its capital plan to make more of its facilities accessible.

  3. Munis sell off after Fed indicates rates will be higher for longer
    SourceMedia Bond Buyer | 09/21/23 03:59 PM EDT

    The general bias toward muni rates is that they would be a bit higher with technicals "being a little less supportive than they were in August, plus what we heard with from the Fed 'higher for longer,' and potentially another hike," said Jeff MacDonald, head of Fixed Income Strategies at Fiduciary Trust International.

  4. Morgan Stanley sued over Brightline deal by private equity firms
    SourceMedia Bond Buyer | 09/21/23 03:18 PM EDT

    The private equity firms accused the bank of concealing key changes to a credit agreement, in part because it wanted to win future muni bond business from Brightline Holdings.

  5. Flush revenues allow states to cash in bonds
    SourceMedia Bond Buyer | 09/21/23 02:21 PM EDT

    State and local governments showing strength in a time of financial uncertainty

  6. 2023 Deal of the Year and Freda Johnson award nominations are open
    SourceMedia Bond Buyer | 09/21/23 02:19 PM EDT

    Submissions must be received no later than Friday, Oct. 20 for consideration for Deal of the Year awards; for the Freda Johnson awards, the deadline is Friday, Sept. 29.

  7. San Francisco struggles to regain ground post-pandemic
    SourceMedia Bond Buyer | 09/21/23 01:08 PM EDT

    The city ranks last among 32 U.S. cities in an index that tracks secondary market prices for general obligation bond debt.

  8. Fitch downgrades Pennsylvania's Tower Health Systems
    SourceMedia Bond Buyer | 09/21/23 12:42 PM EDT

    The nonprofit regional healthcare system reported six straight years of operational losses in its most recent financial report.

  9. Puerto Rico investor group scores victory over investment funds
    SourceMedia Bond Buyer | 09/21/23 11:55 AM EDT

    Ocean Capital's next move is to attemot to have its elected directors seated on the funds' board of directors.

  10. Muted reaction to FOMC, Powell as munis contemplate future hikes
    SourceMedia Bond Buyer | 09/20/23 03:56 PM EDT

    As was expected, the FOMC held rates in a range between 5.25% and 5.50%, but the dot plot in the Summary of Economic Projections showed 12 of 19 members expect another 25-basis-point rate hike this year.

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.