News Results

  1. Small mutual fund inflows, a stronger secondary close out month
    SourceMedia Bond Buyer | 04:23 PM EST

    Municipals look poised to close out February a touch in the black following a more constructive tone Thursday after being in a 'holding pattern' for much of the past two weeks.

  2. Utah bill doubling bonding authority for hospital project passes
    SourceMedia Bond Buyer | 02:39 PM EST

    Escalating costs led University of Utah Health to seek a doubling of its bonding authority from the state legislature for a medical campus project.

  3. Feds send $9.9 billion of transit funds to states, cities for 2024 planning
    SourceMedia Bond Buyer | 02:10 PM EST

    The urbanized area grant program makes up nearly half of the funds, with the New York-Newark area getting the largest tranche, at $1.24 billion.

  4. Bipartisan bill allows tax-exempt bonds for space infrastructure
    SourceMedia Bond Buyer | 01:23 PM EST

    Spaceports should have the same access to tax-exempt financing as airports and seaports, supporters say.

  5. Head of Oklahoma Turnpike Authority resigns in wake of legal opinion
    SourceMedia Bond Buyer | 11:53 AM EST

    Oklahoma Attorney General Gentner Drummond released opinions that disallowed the holding of multiple government roles by Turnpike Authority Executive Director Tim Gatz and upheld the constitutionality of a 2023 law that altered the turnpike's governance structure.

    EDGAR SEC Filings | 09:11 AM EST Filed on: February 29, 2024.

  7. West Virginia treasurer warns new banks of ESG-based blacklisting
    SourceMedia Bond Buyer | 08:00 AM EST

    Six financial institutions may be placed on West Virginia's restricted list if they are found "boycott" the fossil fuel industry, Riley Moore said.

  8. KBRA Assigns AA Rating to the Department of Water and Power of the City of Los Angeles Power System Revenue Bonds; Outlook is Stable
    Business Wire | 02/28/24 05:57 PM EST

    KBRA assigns a long-term rating of AA to the Department of Water and Power of the City of Los Angeles Power System Revenue Bonds, 2024 Series A and 2024 Series B. The long-term rating of AA on LADWP's outstanding Power System Revenue Bonds is concurrently affirmed. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives.

  9. BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
    Business Wire | 02/28/24 04:11 PM EST

    BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below.

  10. Investor pressure creeps in as supply grows with primary deals seeing higher yields
    SourceMedia Bond Buyer | 02/28/24 04:05 PM EST

    Issuance is already slated to be healthy next week, with some large deals on the calendar.

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.