News Results

  1. Largest 'social' ESG muni deal yet gets a new issue date
    SourceMedia Bond Buyer | 04:48 PM EDT

    Massachusetts had temporarily delayed the $2.7 billion sale as state lawmakers debated additional funding for the state's unemployment trust fund.

  2. Short end pressure felt; mutual fund outflows return
    SourceMedia Bond Buyer | 04:45 PM EDT

    Pressure on the short end of the muni curve is being exacerbated by a 3.24% two-year Treasury note, from a correction to floating rate notes and dealer positions.

  3. Lessons of a lifetime: Former Virginia Treasurer Ganeriwala looks back
    SourceMedia Bond Buyer | 12:49 PM EDT

    During her almost 14 years as Virginia state treasurer, Manju Ganeriwala oversaw the issuance of more than $33 billion of municipal bonds.

  4. Muni bonds for firefighting firm aid smooth flight to SPAC equity deal
    SourceMedia Bond Buyer | 12:15 PM EDT

    The debt issued through conduit Gallatin County, Montana, benefits an aerial firefighting company that went public through a SPAC weeks after the bonds sold.

    EDGAR SEC Filings | 11:28 AM EDT Filed on: August 11, 2022.

  6. D.A. Davidson Closes $160M in Bonds to Advance Next Generation Aerial Firefighting Platforms
    Business Wire | 09:45 AM EDT

    Deal with Bridger Aerospace represents third largest taxable non-rated municipal ESG bond D.A. Davidson, a nationally recognized team of capital market professionals, has successfully priced and closed $160 million of industrial development revenue and revenue refunding bonds for Bridger Aerospace, a Montana-based leading aviation service provider.

  7. Chicago budget forecast brightens
    SourceMedia Bond Buyer | 08/10/22 07:25 PM EDT

    Chicago projects a $127.9 million gap looms in 2023. That's down from the $306 million projected in May and the $867 million from last year's forecast for the coming year.

  8. Munis see little movement while ICI reports $1.6B inflows
    SourceMedia Bond Buyer | 08/10/22 04:23 PM EDT

    The Investment Company Institute reported investors poured in $1.589 billion into muni bond mutual funds in the week ending August 3, the highest level since November.

  9. Dallas voters to decide on bond-financed convention center revamp
    SourceMedia Bond Buyer | 08/10/22 03:03 PM EDT

    Dallas would issue about $1.8 billion of revenue bonds starting next year for the convention center project.

  10. Guam governor says finances are improving
    SourceMedia Bond Buyer | 08/10/22 02:43 PM EDT

    She expects $50 million more in revenues in fiscal 2023.

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.