News Results

  1. California green bond committee could issue guidance next year
    SourceMedia Bond Buyer | 04:19 PM EDT

    The committee aims to craft best practices that would encourage greater use of the "green bond" label.

  2. Positive momentum for munis to start Q4
    SourceMedia Bond Buyer | 03:54 PM EDT

    Munis open October firmer, underperforming a UST rally, but September closed out the month with 3.84% losses ? the single largest monthly loss since September 2008.

  3. Property owner ire over Oklahoma Turnpike plan sparks legislative study
    SourceMedia Bond Buyer | 01:47 PM EDT

    Opponents of Oklahoma Turnpike extensions are calling for limits on the agency's ability to issue bonds and raise tolls.

  4. Transit rail projects in U.S. carry among highest costs in the world
    SourceMedia Bond Buyer | 01:43 PM EDT

    Inadequate public governance drives up the costs of U.S. transit projects, Eno Center for Transportation said in a report.

  5. Schwab Asset Management to launch low-fee ETF
    SourceMedia Bond Buyer | 01:05 PM EDT

    The launch helps Schwab to broaden its footprint in munis, allowing the firm to expand its line-up for investors who are looking for broad muni exposure at a much lower price point.

  6. New Jersey receives rating outlook lift from Moody's
    SourceMedia Bond Buyer | 09/30/22 05:01 PM EDT

    Friday's action brings the state's outlook to positive with all four major credit rating agencies.

  7. Munis steady to close out month of large losses; $3.8B on tap
    SourceMedia Bond Buyer | 09/30/22 04:11 PM EDT

    Triple-A yields rose more than three-quarters of a point on the front end and nearly half a point out long in September as munis posted 3.84% losses.

  8. September issuance plummets 43%; Q3 down 26%
    SourceMedia Bond Buyer | 09/30/22 01:23 PM EDT

    For the first three quarters, total issuance sits at $308.440 billion, down from $361.932 billion in 2021. Taxables are down 48.0% to $45.724 billion from $87.979 billion.

  9. Issuer coalition pushes senators to oppose financial disclosure bill
    SourceMedia Bond Buyer | 09/30/22 12:59 PM EDT

    Legislation requiring standardized financial disclosure from issuers is attached to a must-pass defense bill, which narrows the window to fight the measure.

  10. Role of swaps in VRDO lawsuits expanding
    SourceMedia Bond Buyer | 09/30/22 12:12 PM EDT

    Recent court decisions have the potential to up the ante in lawsuits accusing major banks of manipulating the variable-rate market.

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.