News Results

  1. Investors sit back ahead of primary slate, FOMC minutes
    SourceMedia Bond Buyer | 02/20/24 03:47 PM EST

    "With the new economic data signaling a delay of the Fed starting rate cuts to further into the year, we should continue to see yields rise until we get near to the Fed's target of a 2% 'neutral' rate for inflation," said Jason Wong, vice president of municipals at AmeriVet Securities.

  2. Munis can't ignore UST selloff post hotter inflation report
    SourceMedia Bond Buyer | 02/13/24 04:13 PM EST

    The consumer price index number further complicates market expectations of Fed rate cuts and muni investors may want "to keep their powder dry" until they have a better idea of the Fed's timing, said CreditSights' Pat Luby.

  3. Muni, UST yields fall after Fed signals rate cuts not imminent
    SourceMedia Bond Buyer | 01/31/24 03:50 PM EST

    Fed Chair Jerome Powell said cuts are likely this year but are not guaranteed. He added that the Fed is looking for more signs that inflation is moderating. "We are prepared to maintain the current target range for the federal funds rate for longer if appropriate."

  4. Primary deals scooped up while a firmer tone sets in pre-FOMC
    SourceMedia Bond Buyer | 01/30/24 03:58 PM EST

    "Yields are attractive, and there's going to be a lot of demand and there's not going to be a lot of bonds," said Scott Diamond, co-head of the municipal fixed income team at Goldman Sachs.

  5. FOMC preview: Looking past January
    SourceMedia Bond Buyer | 01/30/24 11:29 AM EST

    The discussion of rate cuts, both timing and amount, has analysts offering varying estimates.

  6. Supply sputters ahead of FOMC; Cautious tone for munis hangs over
    SourceMedia Bond Buyer | 01/26/24 04:37 PM EST

    BofA expects muni yields to continue to move up and credit spreads to narrow "in a slow and gentle fashion" in February.

  7. Mutual funds see inflows; munis little changed post-CPI
    SourceMedia Bond Buyer | 01/11/24 03:43 PM EST

    The December consumer price index came in slightly stronger than expected, perhaps eliminating the possibility of a rate cut in March, analysts said.

  8. New York Fed president says central bank not close to ending QT
    SourceMedia Bond Buyer | 01/11/24 11:43 AM EST

    John Williams, who also serves as vice chair of the Federal Open Market Committee, does not expect the Federal Reserve to slow its balance sheet runoff anytime soon.

  9. St. Louis Fed names Alberto Musalem president
    SourceMedia Bond Buyer | 01/04/24 11:44 AM EST

    Musalem, an economist, is a former executive vice president of the Federal Reserve Bank of New York.

  10. Munis steady, UST yields fall while FOMC offers few clues on rate cuts
    SourceMedia Bond Buyer | 01/03/24 03:35 PM EST

    This year has favorable potential for 1Q activity, noting an unusually large scheduled reinvestment potential in January and February, including $19 billion of maturities plus calls in January and $24.9 billion in February, noted MMA's Matt Fabian.

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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