News Results

  1. Airports ready to flock to market in another sign of sector recovery
    SourceMedia Bond Buyer | 08:33 AM EDT

    Driven by ongoing capital expenditure funding and current refunding opportunities, airport issuance is estimated at $21 billion in 2024, with a slew of from June through September and more planned in December, according to Ramirez.

  2. State withholds millions from Milwaukee Public Schools over missing audit
    SourceMedia Bond Buyer | 08:00 AM EDT

    Milwaukee Public Schools is months late in submitting the annual financial audit reports amid turmoil that has seen its superintendent and comptroller depart.

  3. Cautious tone ahead of FOMC, inflation report
    SourceMedia Bond Buyer | 06/11/24 03:44 PM EDT

    "We will remain cautious until CPI and the FOMC are in the rear-view mirror and as long as these don't catalyze a sell-off (since that would trigger outflows) or catalyze a sharp rally (as municipals lag rates during a sharp rally and ratios can increase optically) ... " said Vikram Rai, head of municipal markets strategy at Wells Fargo.

  4. Amendments to MSRB Rule G-27 don't go far enough
    SourceMedia Bond Buyer | 06/11/24 01:25 PM EDT

    New rules finalized by the Securities and Exchange Commission aim to bring dealer supervision up to the new standards of remote work but only address part of the problem

  5. Jail bonds languish in Oklahoma County amid uncertainty about location
    SourceMedia Bond Buyer | 06/11/24 10:01 AM EDT

    Controversy over where to build a new jail has delayed further issuance of $260 million of voter-approved bonds after an initial $45 million sale.

  6. MTA's message as budget implodes: we still need congestion pricing
    SourceMedia Bond Buyer | 06/11/24 09:40 AM EDT

    Even after paring down the capital plan, the MTA will need to issue debt, and sooner than planned. It will be issued under the MTA's transportation revenue credit rather than its congestion pricing credit, so near-term debt service costs will be higher, CEO Janno Lieber said.

  7. Subtle rating agency rule changes have issuers on edge
    SourceMedia Bond Buyer | 06/11/24 09:29 AM EDT

    Many issuers are trying to understand rating agency methodology changes that could affect more than a third of them.

  8. GFOA lays groundwork for municipal priorities during next Congress
    SourceMedia Bond Buyer | 06/11/24 09:26 AM EDT

    Restoring tax-exempt advance-refunding remains a top legislative priority.

  9. 'Take it seriously,' SEC's Sanchez warns municipal bond market
    SourceMedia Bond Buyer | 06/11/24 09:24 AM EDT

    The use of unregistered municipal advisors in the public-private partnership sector can lead to unnecessarily expensive deals for cities and states, said SEC's Dave Sanchez.

  10. Velocity Commercial Capital Securitization Ratings Affirmed and Upgraded by Kroll Bond Rating Agency
    Business Wire | 06/11/24 08:30 AM EDT

    Velocity Financial, Inc. (VEL), a leader in business purpose loans, today announced that Kroll Bond Rating Agency has reviewed the ratings on 19 of the outstanding securitizations issued by its wholly-owned subsidiary, Velocity Commercial Capital, LLC resulting in 271 rating affirmations and three rating upgrades of the underlying tranches.

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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