News Results

  1. Los Angeles social bonds score AAA rating ahead of competitive sale
    SourceMedia Bond Buyer | 06/17/24 02:49 PM EDT

    The City of Angels is the latest in recent days to score a ratings upgrade as Fitch reviews its local government ratings using amended criteria.

  2. Munis firmer ahead of $7.2B new-issue calendar
    SourceMedia Bond Buyer | 06/14/24 03:56 PM EDT

    The new-issue calendar is led by the New York Transportation Development Corp. with $1.5 billion of green AMT special facilities revenue bonds for the John F. Kennedy International Airport New Terminal One project,

  3. Tennessee enacts new affordable housing bond program
    SourceMedia Bond Buyer | 05/30/24 11:10 AM EDT

    The new law was modeled after a North Carolina law and its use in Charlotte, said Matt Wiltshire, president of Pathway Affordable Housing Corporation, which works to develop affordable rental housing in Nashville.

  4. Sale of bond-financed fertilizer plant raises debt and competition questions
    SourceMedia Bond Buyer | 05/29/24 08:00 AM EDT

    The owner of an Iowa nitrogen fertilizer plant with more than $800 million of munis outstanding is trying to sell the plant to one of its largest competitors.

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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