News Results

  1. Hot inflation data sends yields soaring
    SourceMedia Bond Buyer | 04:19 PM EST

    Inflation is front and center this week, with the consumer price index report released on Wednesday and the producer price index on Thursday.

  2. House budget blueprint calls for $2 trillion of cuts over 10 years
    SourceMedia Bond Buyer | 01:59 PM EST

    The deeper the proposed cuts, the more the municipal market fears for the fate of tax-exempt bonds.

  3. Muni advocates won't give up tax exemption without a fight
    SourceMedia Bond Buyer | 12:00 PM EST

    The tax exemption has been in place for more than 110 years, but Republicans say its removal is vital for prolonging many parts of the Tax Cuts and Jobs Act.

  4. As charter credit picture worsens, some networks hold their own
    SourceMedia Bond Buyer | 08:00 AM EST

    Charter schools drove the worst January ever for impairments since Municipal Market Analytics began tracking default trends, the firm said in a Feb. 5 report.

  5. Puerto Rico board says it won't improve offer to PREPA creditors
    SourceMedia Bond Buyer | 02/11/25 09:00 PM EST

    The executive director of the Puerto Rico Oversight Board suggested non-settling bondholders might be offered recoveries of about 4% of the principal due.

  6. NYS budget director takes on the state's biggest fiscal questions
    SourceMedia Bond Buyer | 02/11/25 05:22 PM EST

    Blake G. Washington discussed Medicare, the MTA and more at a luncheon with the Citizens Budget Commission.?

  7. Municipals weaker, following UST yields higher
    SourceMedia Bond Buyer | 02/11/25 03:54 PM EST

    Municipals were cut up to four basis points, depending on the scale, while UST yields rose up to four basis points out long.

  8. BlackRock converts high yield muni fund to ETF
    SourceMedia Bond Buyer | 02/11/25 02:30 PM EST

    BlackRock's (BLK) move comes as money continues to flow out of muni mutual funds into ETFs and SMAs.

  9. IRS budget under fire
    SourceMedia Bond Buyer | 02/11/25 01:33 PM EST

    Audit activity in the municipal market ebbs and flows with the IRS budget.

  10. Southwest states consider pouring money into water resources
    SourceMedia Bond Buyer | 02/11/25 08:00 AM EST

    Governors in the drought-prone region are asking their legislatures for funding to boost future water supply or to repair aging water infrastructure.

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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