News Results

  1. San Antonio Water System gets rating, outlook boost ahead of bond sale
    SourceMedia Bond Buyer | 09/21/22 11:50 AM EDT

    S&P upgraded the bonds to AA-plus and Fitch revised the outlook on the AA-rated debt to positive from stable.

  2. Munis weaker in spots, outflows continue
    SourceMedia Bond Buyer | 09/14/22 04:22 PM EDT

    The Investment Company Institute reported $2.034 billion of outflows from muni bond mutual funds in the week ending Sept. 7 compared to $2.594 billion of outflows the previous week.

  3. MEAG's Project One senior, subordinates raised by Fitch
    SourceMedia Bond Buyer | 09/12/22 05:09 PM EDT

    Fitch said the upgrade reflects lessened risk "as Vogtle Units 3 and 4 approach their scheduled commercial operation dates in 2023."

  4. Munis little changed to close August; Muni mutual funds see outflows
    SourceMedia Bond Buyer | 08/31/22 04:10 PM EDT

    The Investment Company Institute reported $755 million of outflows from muni bond mutual funds in the week ending August 24 compared to $320 million of inflows the previous week.

  5. Covenants violated by second junk downgrade for Ohio-based ProMedica Healthcare
    SourceMedia Bond Buyer | 08/30/22 02:10 PM EDT

    COVID-19 worsened the fiscal picture for the senior care, insurance, and hospital operator, but it faced rating pressure before the pandemic.

  6. Long-end pressured, NY TFAs price
    SourceMedia Bond Buyer | 08/24/22 04:07 PM EDT

    The Investment Company Institute reported $230 million of inflows into muni bond mutual funds in the week ending August 17. ETFs see second week of outflows.

  7. Municipal bonds for South Carolina wood pellet maker land in bankruptcy court
    SourceMedia Bond Buyer | 08/17/22 12:32 PM EDT

    Borrower Jasper Pellets and trustee US Bank have been locked in a legal battle after the company filed for Chapter 11 bankruptcy on May 27.

  8. Short-end extends selloff, USTs firmer
    SourceMedia Bond Buyer | 08/15/22 03:50 PM EDT

    "Demand for low-duration tax-exempts has been so strong that short maturity benchmark yields are now lower than the after-tax yields for comparably rated benchmark taxable muni and corporate bonds," said CreditSights strategists Pat Luby and John Ceffalio.

  9. Muni bonds for firefighting firm aid smooth flight to SPAC equity deal
    SourceMedia Bond Buyer | 08/11/22 12:15 PM EDT

    The debt issued through conduit Gallatin County, Montana, benefits an aerial firefighting company that went public through a SPAC weeks after the bonds sold.

  10. Munis see little movement while ICI reports $1.6B inflows
    SourceMedia Bond Buyer | 08/10/22 04:23 PM EDT

    The Investment Company Institute reported investors poured in $1.589 billion into muni bond mutual funds in the week ending August 3, the highest level since November.

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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