News Results

  1. Houses passes climate bill, sends to Biden's desk
    SourceMedia Bond Buyer | 08/12/22 06:06 PM EDT

    Democrats say the $740 billion legislation would mark the largest climate change mitigation investment in the country's history.

  2. Short end sells off; Calendar climbs above $10B
    SourceMedia Bond Buyer | 08/12/22 04:37 PM EDT

    New-issue volume grows to $10.7 billion led by a $2.7 billion taxable Massachusetts ESG deal, $1.35 billion of Oklahoma natural gas taxables, $1.25 billion from the Regents of the University of California and $1.1 billion from New York City.

  3. California's approved budget keeps it on track for S&P upgrade
    SourceMedia Bond Buyer | 08/12/22 04:11 PM EDT

    S&P revised the state's outlook to positive in September, which gives it a one-in-three chance of a ratings boost over the two-year outlook period.

  4. Illinois gets $4 billion federal boost for six-year road and bridge program
    SourceMedia Bond Buyer | 08/12/22 03:13 PM EDT

    Illinois laid out updated six-year transportation packages allocating more than $30 billion in spending.

  5. With confirmation deadline looming, Puerto Rico HTA debt plan faces objections
    SourceMedia Bond Buyer | 08/12/22 01:24 PM EDT

    A court-ordered modification of the plan is more likely than outright rejection, sources say.

  6. Lori Price promoted to director of SEC's Office of Credit Ratings
    SourceMedia Bond Buyer | 08/12/22 01:14 PM EDT

    After thirty years at the Commission, Lori Price will begin as director for the Office of Credit Ratings Aug. 14

  7. Northeast municipal bond volume slows as taxables tank in first half
    SourceMedia Bond Buyer | 08/12/22 11:39 AM EDT

    The Northeast's issuers sold $49.69 billion of municipal bonds in the first half of 2022, down more than 18% year-over-year.

  8. Erie County, New York, deal heads into muni market with fresh upgrade
    SourceMedia Bond Buyer | 08/12/22 10:20 AM EDT

    "I think this deal is kind of like football in the pre-season," says County Comptroller Kevin Hardwick. "We're looking at this new issue as a run-up to next year ? the big event ? when we hope to be bonding for our new stadium for the Buffalo Bills."

  9. Largest 'social' ESG muni deal yet gets a new issue date
    SourceMedia Bond Buyer | 08/11/22 04:48 PM EDT

    Massachusetts had temporarily delayed the $2.7 billion sale as state lawmakers debated additional funding for the state's unemployment trust fund.

  10. Short end pressure felt; mutual fund outflows return
    SourceMedia Bond Buyer | 08/11/22 04:45 PM EDT

    Pressure on the short end of the muni curve is being exacerbated by a 3.24% two-year Treasury note, from a correction to floating rate notes and dealer positions.

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.