News Results

  1. Los Angeles gets S&P downgrade on fiscal woes
    SourceMedia Bond Buyer | 04/25/25 05:42 PM EDT

    S&P Global Ratings dropped Los Angeles' ratings and assigned a negative outlook, citing a "weakening financial position and an emerging structural imbalance."

  2. Baker Tilly to merge with Moss Adams in $7 billion deal
    SourceMedia Bond Buyer | 04/25/25 04:46 PM EDT

    Baker Tilly is preparing a $7 billion merger with Moss Adams, another advisory firm. The deal will close in early June.

  3. Munis continue recovery after tariff-induced volatility
    SourceMedia Bond Buyer | 04/25/25 04:04 PM EDT

    "Easing tariffs, a slowing economy and an improved supply/demand outlook for munis in May and onward should drive muni market pricing going forward," BofA strategists said.

  4. If Harvard loses tax-exempt status, it's unlikely bondholders would pay
    SourceMedia Bond Buyer | 04/25/25 02:10 PM EDT

    Losing its 501(c)(3) status could cost Harvard $500 million annually.

  5. Potential changes to MSRB's rate card discussed at quarterly board meeting
    SourceMedia Bond Buyer | 04/25/25 10:00 AM EDT

    MSRB appreciates "the robust stakeholder engagement and response" to its requests for feedback on both the rate card and a municipal fund securities concept release, Board Chair Bo Daniels said.

  6. Los Angeles power agency heads to market in post-wildfire test
    SourceMedia Bond Buyer | 04/25/25 08:00 AM EDT

    The city of Los Angeles and its Department of Water and Power face Palisades Fire-driven lawsuits from some 776 plaintiffs, according to the offering document.

  7. CMC to Opportunistically Raise $150M Tax-Exempt Bond Financing to Partially fund Steel WV Mill Project
    PR Newswire | 04/25/25 08:00 AM EDT

    IRVING, Texas, April 25, 2025 ?Commercial Metals Company (CMC) plans to launch a proposed tax-exempt bond financing today in the amount of $150.0 million. In connection with the proposed financing, the West Virginia Economic Development Authority authorized the issuance and sale of Solid Waste Disposal Facility Revenue Bonds, Series 2025.

  8. Munis firmer as muni mutual fund outflows slow
    SourceMedia Bond Buyer | 04/24/25 04:02 PM EDT

    Investors pulled $397.4 million from municipal bond mutual funds in the week ended Wednesday, following?$1.258 billion of outflows the prior week.

  9. Oregon, 11 other states challenge Trump tariffs in court
    SourceMedia Bond Buyer | 04/24/25 03:27 PM EDT

    The lawsuit contends that only Congress has the power to set tariffs that the president has unilaterally increased.

  10. Whistleblower's anti-tax exemption proposals refuted
    SourceMedia Bond Buyer | 04/24/25 02:51 PM EDT

    Muni advocates resist some of the arguments for eliminating the tax-exempt status of municipal bonds espoused in a new book by infamous Wall Street whistleblower Michael Lissack.

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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