News Results

  1. Historic opioid settlement not expected to move muni market
    SourceMedia Bond Buyer | 03:10 PM EDT

    Payments under the opioid settlement are too short-lived to securitize and local government participation remains unclear.

  2. IRS seeks tax-advantaged bonds specialist
    SourceMedia Bond Buyer | 02:37 PM EDT

    Tax-exempt bonds are a very different area of the law.

  3. IRS TEB program will likely remain unchanged in restructuring
    SourceMedia Bond Buyer | 02:23 PM EDT

    The Internal Revenue Service?s Tax Exempt Bond program will not be significantly overhauled as part of the agency?s restructuring and modernization efforts, officials say, but there are a few changes to forms and procedures that bear paying attention to.

  4. SEC seeks applicants for muni office chief
    SourceMedia Bond Buyer | 02:15 PM EDT

    The position has been held by Rebecca Olsen since 2018.

  5. Hudson Yards rides upgrades into $452 million sale
    SourceMedia Bond Buyer | 11:35 AM EDT

    New York?s Hudson Yards development on Manhattan?s West Side was able to cover its debt service obligations despite the effects of the COVID-19 pandemic.

  6. Mutual fund inflows climb, high-yield back in the black
    SourceMedia Bond Buyer | 10/14/21 04:20 PM EDT

    Municipals have mostly held steady as bid-wanteds have risen, but so have yields and ratios, making for a more satisfactory range for investors getting into the market at these new higher levels.

  7. Puerto Rico bankruptcy judge denies requests to extend plan of adjustment voting
    SourceMedia Bond Buyer | 10/14/21 04:12 PM EDT

    Judge Swain keeps the process on schedule to start the Confirmation Hearing on Nov. 8.

  8. Puerto Rico Oversight Board agrees to ax pension cuts for current pensioners
    SourceMedia Bond Buyer | 10/14/21 03:49 PM EDT

    The board also offers to approve other spending in exchange for local government approval of new bonds and other measures for the Plan of Adjustment.

  9. Chicago sets teams and timing as it preps billions in mix of deals
    SourceMedia Bond Buyer | 10/14/21 03:30 PM EDT

    Chicago Mayor Lori Lightfoot's finance team laid out plans to tap more than half of $9 billion of existing and proposed borrowing authority through 2022 to refinance debt for savings and fund infrastructure and pandemic recovery efforts.

  10. How to understand climate risk disclosure
    SourceMedia Bond Buyer | 10/14/21 02:29 PM EDT

    A recent panel discussion shed some light on how issuers and borrowers should be disclosing climate related information.

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.