News Results

  1. Another move to higher yields on short end on FOMC jitters
    SourceMedia Bond Buyer | 09/19/22 03:57 PM EDT

    Triple-A muni yields rose another five basis points on the short end while UST rose up to seven. UST yields are the highest since 2007.

  2. New-issue calendar stands at paltry $1.4B ahead of FOMC
    SourceMedia Bond Buyer | 09/16/22 03:57 PM EDT

    Municipals saw more cheapening on the short end Friday as selling pressure persisted all week.

  3. Munis weaker across the curve; UST sell-off on short end following CPI data
    SourceMedia Bond Buyer | 09/13/22 04:06 PM EDT

    Muni and UST yields surged Tuesday on expectations the Fed will have to aggressively raise interest rates to bring down inflation.

  4. Powell sees 'some pain' ahead in quest to slay inflation
    SourceMedia Bond Buyer | 08/26/22 10:43 AM EDT

    Federal Reserve chair Jerome Powell said the central bank will remain aggressive in fighting inflation despite promising economic data.

  5. Washington shrugs off report of Chinese informants at the Fed
    SourceMedia Bond Buyer | 08/03/22 10:38 AM EDT

    The report from Senate Homeland Security Committee ranking member Rob Portman, R-Ohio, details China's campaign to infiltrate the Federal Reserve. But even amid rising tensions between the U.S. and China, response to the report has been muted.

  6. Munis follow UST rally post-weak GDP; fund inflows return
    SourceMedia Bond Buyer | 07/28/22 04:15 PM EDT

    Investors added $236.491 million to municipal bond mutual funds, per Refinitiv Lipper data, versus the $698.782 million of outflows the week prior. High-yield saw inflows hit nearly $550 million.

  7. Munis firmer ahead of FOMC decision
    SourceMedia Bond Buyer | 07/26/22 03:54 PM EDT

    Investors sit on the sidelines, waiting to see how much the Fed will hike rates. The consensus appears to be another 75 basis point rate hike, though a full point hike could be on the table.

  8. Markets positioning ahead of FOMC decision
    SourceMedia Bond Buyer | 07/26/22 12:56 PM EDT

    Economists expect the FOMC to raise interest rates 75 basis points on Wednesday, although a full point hike could be on the table.

  9. Florida?s jobless rate falls to 2.8% as its economic recovery continues
    SourceMedia Bond Buyer | 07/25/22 10:09 AM EDT

    The Miami metro area saw the most private-sector job growth among all metro areas in the state in June and year-over-year.

  10. Barr confirmed as Fed vice chair for supervision
    SourceMedia Bond Buyer | 07/13/22 03:54 PM EDT

    The former Treasury official and University of Michigan administrator?s confirmation gives the Federal Reserve Board a full complement of seven governors for the first time in nearly a decade.

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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