News Results

  1. Fund flows plummet, high-yield sees outflows
    SourceMedia Bond Buyer | 10/07/21 04:24 PM EDT

    For 31 consecutive weeks investors put cash into municipal bond mutual funds but saw just $36.87 million of inflows in the latest reporting period while high-yield funds saw $460 million of outflows after $103 million of outflows a week prior.

  2. Nevada rating outlook revised upward to stable by Fitch Ratings
    SourceMedia Bond Buyer | 09/22/21 03:19 PM EDT

    Fitch cited the state's stronger-than-anticipated rebound from the pandemic's lows in revising the outlook on its AA-plus rating from negative.

  3. Minnesota rides two rating outlook boosts into competitive GO sale
    SourceMedia Bond Buyer | 09/07/21 01:58 PM EDT

    Moody's moved its outlook to positive on Minnesota's Aa1 rating, and S&P went to stable from negative on its AAA rating ahead of the state's annual bond sale.

  4. Supply/demand imbalance hangs over market
    SourceMedia Bond Buyer | 09/03/21 04:01 PM EDT

    Supply clocks in at $5.987 billion for the holiday-shortened week. Municipal new-issue volume is still lagging demand with Bond Buyer 30-day visible supply at $10.30 billion, while Bloomberg shows net negative supply at $11.430 billion.

  5. St. Louis wins upgrade after a steady stream of budget surpluses
    SourceMedia Bond Buyer | 09/01/21 10:56 AM EDT

    Moody's Investors Service upgraded St. Louis to A3 from Baa1 citing a "materially improved financial profile."

  6. Arts university in California makes its municipal bond market debut
    SourceMedia Bond Buyer | 08/31/21 09:37 AM EDT

    Moody's (MCO) assigned its Baa1 rating to the California Institute of the Arts, which traces its lineage to Walt Disney (DIS), ahead of the university's $33 million debut in the public debt markets.

  7. Illinois sets first bond sales after rating upgrades
    SourceMedia Bond Buyer | 08/16/21 10:23 AM EDT

    Illinois hits the market over the next month with $500 million of new money and refunding bonds under its sales-tax backed Build Illinois bond program

  8. Fitch revises the outlook on 18 airports to stable from negative
    SourceMedia Bond Buyer | 08/04/21 10:38 AM EDT

    The rating agency also affirmed the ratings on 18 large airports and major airline hub facilities across the United States.

  9. Puerto Rico Oversight Board reaches deal with Ambac, FGIC
    SourceMedia Bond Buyer | 07/27/21 03:20 PM EDT

    The Oversight Board reached the deal with Ambac Assurance and Financial Guaranty Insurance Company on PRIFA rum tax bonds. The two insurers had been important holdouts from the central government debt deal.

  10. Washington heads into competitive sale from a position of economic strength
    SourceMedia Bond Buyer | 07/22/21 11:48 AM EDT

    The rating agencies affirmed two AA-plus and one triple-A rating ahead of the deal.

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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