News Results

  1. 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.

  2. 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.?

  3. 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.

  4. 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.

  5. 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.

  6. BlackRock's Latest ETF Conversion Taps Into Growing Muni Bond Interest
    Benzinga | 02/11/25 08:27 AM EST

    BlackRock has broadened its suite of municipal bond ETFs by transforming its BlackRock High Yield Municipal Fund into an ETF. The conversion comes at a time when municipal bond ETFs are seeing quite the demand. Also Read: Will DeepSeek Create Deep Cuts In Mortgage Rates?

  7. 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.

  8. Farmers and Merchants Bancshares, Inc. Reports Earnings of $4,277,703 or $1.37 Per Share for the Year Ended December 31, 2024
    GlobeNewswire | 02/10/25 04:30 PM EST

    Farmers and Merchants Bancshares, Inc., the parent company of Farmers and Merchants Bank (FMFG), announced that net income for the year ended December 31, 2024 was $4,277,703, or $1.37 per common share, compared to $6,418,337, or $2.08 per common share, for the same period in 2023.

  9. Munis steady, front-end ratios richen
    SourceMedia Bond Buyer | 02/10/25 04:02 PM EST

    Munis continue to outpace USTs as ratios on the front end continue to richen relative to USTs, Jason Wong said.

  10. Judge orders Trump administration to restore funding after states sue
    SourceMedia Bond Buyer | 02/10/25 03:04 PM EST

    Lawsuits are mounting against the Trump administration's aggressive actions to cut federal spending.

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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