News Results

  1. BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Distribution
    Business Wire | 05:09 PM EST

    BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0400 per share of common stock, payable on January 3, 2023 to shareholders of record at the close of business on December 19, 2022. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.

  2. Munis better positioned heading into year end
    SourceMedia Bond Buyer | 04:24 PM EST

    Investors will be greeted Monday with a new-issue calendar estimated at $5.893 billion.

  3. PREPA fuel line lenders reach deal giving them priority over bondholders
    SourceMedia Bond Buyer | 02:57 PM EST

    Their support of a plan of adjustment could be key to winning approval from Bankruptcy Judge Swain.

  4. As federal funds dwindle, New York transit stares down deficits
    SourceMedia Bond Buyer | 01:28 PM EST

    "The MTA's structural gaps remain huge and demand immediate action and a multi-party, multi-year plan" says Citizens Budget Commission President Andrew Rein.

  5. Judge slams Oklahoma Turnpike Authority for Open Meeting Act violations
    SourceMedia Bond Buyer | 12:25 PM EST

    The ruling marks the first major defeat for OTA in lawsuits seeking to derail its plan for a $5 billion, bond-financed extension project.

  6. Wildfires are burning through state budgets, Pew report says
    SourceMedia Bond Buyer | 12:24 PM EST

    The spiderweb of funding sources for natural disaster recovery makes it hard to track the actual costs to state and local government of fighting wildfires.

  7. SIFMA urges new Congress to act on muni issues
    SourceMedia Bond Buyer | 08:50 AM EST

    The industry's biggest lobbying group also said it sees continued threats from regulation.

  8. PREPA judge approves one-week delay for restructuring proposal
    SourceMedia Bond Buyer | 12/01/22 05:05 PM EST

    The mediation team asked the Oversight Board to submit delayed data and analyses by end of business on Friday.

  9. Munis rally to kick off December
    SourceMedia Bond Buyer | 12/01/22 04:00 PM EST

    Munis saw the best performance in November in decades, with the asset class ending in the positive by 4.68%. The MSRB reported that trading volume reached another record in November, with 1.29 million municipal trades.

  10. With House in flux, public finance advocates stay the course
    SourceMedia Bond Buyer | 12/01/22 03:31 PM EST

    Incoming House Democratic caucus chair Pete Aguilar was a California mayor and served on the League of California Cities, bringing the kind of local experience that's considered helpful to muni market interests.

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.