News Results

  1. Munis steady, FOMC meeting leads to paltry new-issue calendar
    SourceMedia Bond Buyer | 04:14 PM EST

    Investors will be greeted Monday with a new-issue calendar estimated at $847 million.

  2. Pennsylvania Rep. Mike Kelly tapped as top tax writer on Ways and Means panel
    SourceMedia Bond Buyer | 03:05 PM EST

    Kelly has twice introduced legislation to broaden private activity bonds.

  3. Miami-Dade County, city expect bright economic future
    SourceMedia Bond Buyer | 01:57 PM EST

    Miami-Dade County Mayor Daniella Levine Cava unveiled plans to create an authority to fund innovation while Miami City Mayor Francis Suarez focused on the environment and housing affordability.

  4. California children's hospital expansion propelled by bond funding
    SourceMedia Bond Buyer | 01:51 PM EST

    A California treasurer's conduit approved a $135 million bond-funded grant for Loma Linda University Children's Hospital.

  5. Connecticut AG says P3 for New London pier redevelopment is legal
    SourceMedia Bond Buyer | 01:45 PM EST

    Attorney general William Tong gave the legal stamp of approval to a high profile public-private partnership that came under fire for cost overruns.

  6. PREPA mediation extended to April 28
    SourceMedia Bond Buyer | 11:58 AM EST

    Mediation sessions are expected to resume in the coming weeks.

  7. Munis steady, UST yields rise after GDP report
    SourceMedia Bond Buyer | 01/26/23 04:16 PM EST

    On the buy side, lower interest rates and an extreme imbalance between supply and demand is supporting the municipal market's positive tone, according to JB Golden, executive director and portfolio manager at Advisors Asset Management.

  8. UBS trims banker ranks
    SourceMedia Bond Buyer | 01/26/23 03:49 PM EST

    UBS' move this week to cut some banking positions marked a reversal of its five-year growth trend as the bank rebooted its municipal underwriting business.

  9. Legal coalition to advocate for local governments in high-profile cases
    SourceMedia Bond Buyer | 01/26/23 02:06 PM EST

    A group of top local government associations have formed a new legal coalition aimed at Supreme Court cases that carry municipal implications.

  10. Alaska governor wants state to play in carbon markets
    SourceMedia Bond Buyer | 01/26/23 01:02 PM EST

    Raising money by participating in carbon credit markets and carbon sequestration schemes would ease Alaska's revenue dependence on oil, Gov. Mike Dunleavy said.

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.