News Results

  1. Munis stronger following govies as Omicron, Powell rattle markets
    SourceMedia Bond Buyer | 04:05 PM EST

    Powell says the FOMC will consider ramping up tapering when more information about Omicron and its impacts are known, further flattening the UST yield curve.

  2. The roads ? and bridges, trains, and tunnels ? to recovery
    SourceMedia Bond Buyer | 02:48 PM EST

    Ten projects around the country show where and how the new infrastructure law will have an impact.

  3. Powell warns inflation into 2022, Yellen says BBB won?t worsen trend
    SourceMedia Bond Buyer | 02:39 PM EST

    Rising rates and rising inflation are key concerns for municipal bond buyers.

  4. Corpus Christi, Texas, bond issuance may be retroactively taxable
    SourceMedia Bond Buyer | 02:17 PM EST

    The Internal Revenue Service has issued a preliminary determination that bonds issued by the City of Corpus Christi, Texas, may be retroactively taxable.

  5. November volume spikes as issuers come off the sidelines
    SourceMedia Bond Buyer | 01:29 PM EST

    Total November volume was up 58.3% to $33.818 billion versus $21.359 billion a year earlier, but the figure is average over a 10-year period. A combination of factors from policy uncertainty in Washington to fears of rising rates led to the increase.

  6. New York?s Moynihan Train Hall project gets additional TIFIA loan
    SourceMedia Bond Buyer | 11:04 AM EST

    The refinancing will add $80.5 million to the original 2017 federal loan for the project, bringing the total to $606.7 million.

  7. Former muni advisor to plead guilty
    SourceMedia Bond Buyer | 10:20 AM EST

    The change of plea hearing is set for Thursday in a federal court in Mississippi.

  8. PAB limits fall short in addressing affordable housing shortage
    SourceMedia Bond Buyer | 09:20 AM EST

    The Build Back Better Act contains provisions that could help states finance additional affordable homes.

  9. Virgin Islands to again attempt $1B bond refunding
    SourceMedia Bond Buyer | 09:03 AM EST

    The governor wants to use savings to address the islands' $3.3 billion pension underfunding.

  10. Illinois RTA preps budget, plans for an infrastructure windfall
    SourceMedia Bond Buyer | 08:45 AM EST

    The Chicago-area transit service boards expect a boost from strong sales tax revenue and discretionary grant funding from the federal infrastructure package.

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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