News Results

  1. Municipal yields fall, following a UST flight-to-safety bid
    SourceMedia Bond Buyer | 05/20/22 04:38 PM EDT

    Given the volatility of risk assets is likely to remain high, and the focus on the flight to safety increases, all fixed-income assets could benefit as a result, including municipals, Barclays (JJCTF) strategists say.

  2. Municipal Forum of New York honors industry leaders
    SourceMedia Bond Buyer | 05/20/22 03:55 PM EDT

    The Forum honored Homer Schaaf of Norton Rose Fulbright, Kym Arnone of Jefferies, and Elizabeth Fine, of counsel to New York's governor, at the first in-person dinner since 2019.

  3. Puerto Rico Oversight Board adopts revised PRASA fiscal plan
    SourceMedia Bond Buyer | 05/20/22 03:35 PM EDT

    The authority will takes steps to raise $1 billion to address expected growth of expenses.

  4. Puerto Rico Oversight Board wins one and loses one in appeals court
    SourceMedia Bond Buyer | 05/20/22 02:52 PM EDT

    A teachers' request was rejected, but another ruling could force the board to release documents it chose to withhold.

  5. Court halts Pennsylvania?s bridge program, PennDOT appeals
    SourceMedia Bond Buyer | 05/20/22 01:31 PM EDT

    The temporary injunction halts all work on Pennsylvania's $2.2 billion Major Bridges program.

  6. West Haven, Connecticut?s finances placed under stringent state oversight
    SourceMedia Bond Buyer | 05/20/22 01:08 PM EDT

    The city of 55,000 is the first to be slapped with the most severe Tier IV designation of the state's Municipal Accountability Review Board oversight program.

  7. California AG blocks dismissal of VRDO suit
    SourceMedia Bond Buyer | 05/20/22 11:48 AM EDT

    The office of Rob Bonta filed its objection to the dismissal with a California appellate court in San Francisco May 19.

  8. SS&C ALPS Advisors Partners with Brown Brothers Harriman & Co. (BBH) to Launch the ALPS Intermediate Municipal Bond ETF (MNBD)
    PR Newswire | 05/20/22 09:00 AM EDT

    MNBD offers a compelling opportunity in the Intermediate Municipal market through an actively managed, value-based strategy WINDSOR, Conn., and DENVER, May 20, 2022 /PRNewswire/ --?SS&C Technologies Holdings, Inc.? today announced that SS&C ALPS Advisors, an asset manager and wholly-owned subsidiary of SS&C (SSNC), launched the ALPS Intermediate Municipal Bond ETF.

  9. Fed nominee Barr 'well positioned' for confirmation after Senate hearing
    SourceMedia Bond Buyer | 05/19/22 04:26 PM EDT

    The Biden administration?s pick for Federal Reserve vice chair for supervision faced questions about climate change, digital assets and the central bank?s independence. But he did not meet the same resistance from Republicans as the White House?s first choice, Sarah Bloom Raskin, observers said.

  10. Constructive secondary tone emerges leading to first drop in yields since April
    SourceMedia Bond Buyer | 05/19/22 04:25 PM EDT

    Refinitiv Lipper reported $2.712 billion of outflows, bringing the total outflows so far in 2022 to $65.8 billion, surpassing the last largest annual outflows of $63.5 billion during the Taper Tantrum in 2013.

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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