News Results

  1. N. J.'s decision to use tax-exempts for planned $4B bond sale reflects market strength, analysts say
    SourceMedia Bond Buyer | 04:16 PM EDT

    New Jersey had a choice between the Federal Reserve?s Municipal Liquidity Facility and the muni market for its upcoming $4 billion borrowing.

  2. Economic data suggests 'gradual' recovery continues
    SourceMedia Bond Buyer | 10/22/20 01:47 PM EDT

    Jobless claims fell to below 800,000, existing home sales soared, leading indicators rose more than expected and the Kansas City Fed manufacturing index also climbed in the latest reading.

  3. Fed will wait to decide on MLF extension
    SourceMedia Bond Buyer | 10/20/20 03:14 PM EDT

    A senior Federal Reserve official said an expansion of the MLF won?t happen unless the program is extended into 2021.

  4. Housing market still the shining star of the economy, analysts say
    SourceMedia Bond Buyer | 10/20/20 01:39 PM EDT

    Housing starts and building permits both rose in September, as the housing market remains the "best part of the U.S. economy."

  5. Congressional coronavirus watchdogs disagree on the future of the MLF
    SourceMedia Bond Buyer | 10/16/20 02:12 PM EDT

    Democratic members of the Congressional Oversight Commission say the Federal Reserve has treated municipalities unfairly compared to private entities.

  6. Retail sales, consumer sentiment offer hope; manufacturing numbers weak
    SourceMedia Bond Buyer | 10/16/20 11:24 AM EDT

    The economic news Friday was mostly positive, with consumers spending on clothes, cars and eating out, while manufacturing continues to suffer.

  7. Mixed picture of economy and rebound continues to emerge
    SourceMedia Bond Buyer | 10/15/20 02:32 PM EDT

    Initial jobless claims rose in the latest week, while the Empire State manufacturing index slipped, and the Philadelphia Fed's rose.

  8. Clarida: GDP could recover in a year, labor market will take longer
    SourceMedia Bond Buyer | 10/14/20 02:11 PM EDT

    Although progress has been made, a full economic rebound from the COVID-19 pandemic won't come soon, Federal Reserve Vice Chair Richard Clarida said.

  9. CPI ?decelerates? although food and energy costs ?pressure? consumers
    SourceMedia Bond Buyer | 10/13/20 12:22 PM EDT

    The consumer price index has been rising for four months but at a slower pace, as the cost of food remains "elevated."

  10. FOMC members see faster, uneven recovery with businesses investing
    SourceMedia Bond Buyer | 10/07/20 03:32 PM EDT

    Although uneven in nature, the recovery from the COVID-19 pandemic has been "faster than expected," with growing business investment, according to FOMC participants.

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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