News Results

  1. S&P lowers outlook on Chicago's GO bonds to stable
    SourceMedia Bond Buyer | 02/22/24 06:53 PM EST

    S&P cited budget pressures that have not been counterbalanced by new revenue growth when lowered the outlook on the city's BBB-plus rated GO bonds.

  2. Sidelined cash may want to stay sidelined
    SourceMedia Bond Buyer | 02/22/24 03:46 PM EST

    Supply is expected to increase in the coming weeks, and there may be more rate-direction volatility, said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.

  3. Treasury, wrestling with challenges, leveraging private sector
    SourceMedia Bond Buyer | 02/22/24 02:26 PM EST

    Recent hires shows an agency looking for answers as it tackles major initiatives.

  4. Southeast municipal bond volume fell in 2023 as uncertainty hit issuance
    SourceMedia Bond Buyer | 02/22/24 08:00 AM EST

    Natural gas prepayment deals helped drive the utilities sector to top the Southeast in an overall down year for municipal bond sales across the region.

  5. PREPA judge rejects immediate consideration of bondholders' efforts for a receiver
    SourceMedia Bond Buyer | 02/21/24 05:44 PM EST

    U.S. District Judge Laura Taylor Swain said she would consider the motion during a scheduled May 22 bankruptcy hearing.

  6. Munis ignore UST weakness after Fed meeting minutes
    SourceMedia Bond Buyer | 02/21/24 03:50 PM EST

    Policymakers appear to be concerned about the possibility of cutting interest rates too soon, according to minutes of the Federal Open Market Committee's Jan. 30-31 meeting, released Wednesday.

  7. White House sends $5.8 billion water infrastructure funds to states
    SourceMedia Bond Buyer | 02/21/24 01:20 PM EST

    The funds will go through State Drinking Water and Clean Water Revolving Funds, which states often use together with municipal bonds to finance projects.

  8. Larger deals offset fewer issues as Illinois leads Midwest dealmaking
    SourceMedia Bond Buyer | 02/21/24 10:12 AM EST

    Larger deals, fewer issues: those were the overarching municipal bond sale trends, along with a surge in tax-exempt deals, across the Midwest in 2023.

  9. Pension funded ratios improve but reliance on riskier assets poses threats
    SourceMedia Bond Buyer | 02/21/24 08:00 AM EST

    Pensions funds are increasingly investing in riskier asset classes, with more than half their investments in 2022 in these, according to some estimates.

  10. Investors sit back ahead of primary slate, FOMC minutes
    SourceMedia Bond Buyer | 02/20/24 03:47 PM EST

    "With the new economic data signaling a delay of the Fed starting rate cuts to further into the year, we should continue to see yields rise until we get near to the Fed's target of a 2% 'neutral' rate for inflation," said Jason Wong, vice president of municipals at AmeriVet Securities.

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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