News Results

  1. Rate hike concerns abound, but munis steady ahead of $7B calendar
    SourceMedia Bond Buyer | 01/14/22 04:31 PM EST

    The largest deal of the week comes from the New York City Transitional Finance Authority with $950 million of exempts and $250 million of taxables.

  2. Chicago school district finds buyers after offering higher yields
    SourceMedia Bond Buyer | 01/14/22 03:07 PM EST

    The junk-rated Chicago Public Schools sold $872 million of new-money and refunding bonds into a rockier market for high-yield paper Thursday.

  3. Glendale, Arizona, unties its future from professional hockey
    SourceMedia Bond Buyer | 01/14/22 11:34 AM EST

    The city, which previously spent tens of millions of dollars to keep the NHL's Arizona Coyotes from leaving, will turf the team from its arena at season's end.

  4. 2022: A new year and new outlook on the municipal bond market
    SourceMedia Bond Buyer | 01/14/22 09:45 AM EST

    For investors in the municipal bond market, 2021 proved to be a year of hurdles. This is likely to change, particularly for investors in the municipal bond market.

  5. High-yield sees first outflows since October
    SourceMedia Bond Buyer | 01/13/22 04:09 PM EST

    The primary led Thursday's firmer tone while Chicago schools faced 10 to 20 bp penalties compared to price talk, signifying investors are being more selective and demanding more in the new higher-yield range.

  6. New year, new default for a troubled suburban Chicago hotel
    SourceMedia Bond Buyer | 01/13/22 03:47 PM EST

    COVID-19 hit the Lombard, Illinois, Westin hotel and conference center hard, knocking repayment of bonds restructured in a 2018 bankruptcy off track.

  7. New York MTA snares largest federal transit grant to date
    SourceMedia Bond Buyer | 01/13/22 03:19 PM EST

    The latest round of federal aid is not enough to move the needle over the long term.

  8. North Las Vegas ratings continue upward trend with Fitch boost
    SourceMedia Bond Buyer | 01/13/22 02:24 PM EST

    The city?s financial status was so distressed after the 2008 economic crash that there was talk of insolvency.

  9. City leadership initiative will address racial equity in bond markets
    SourceMedia Bond Buyer | 01/13/22 01:31 PM EST

    The project will put an equity lens on investment practices that fund infrastructure.

  10. California in a league of its own for delinquent financial reporting
    SourceMedia Bond Buyer | 01/13/22 12:41 PM EST

    California officials blame a new electronic records system for reporting delays that worsen every year, though other states don't have the same problem.

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.