News Results

  1. Financial Crime Weekly: Ex-Cloud Firm CFO Cooks Books, $6M Mispriced Library Bond
    Benzinga | 02/02/24 10:03 AM EST

    The former chief financial officer of cloud services provider Synchronoss Technologies (SNCR) allegedly overstated the company?s finances to match revenue expectations it otherwise would have failed to meet.

  2. Municipal Bonds Pay Varying Rates ? Here's How To Buy Them
    Benzinga | 12/18/23 07:15 PM EST

    Municipal bonds, also known as munis, are debt securities issued by local governments or their agencies to finance public projects. Here are the two primary types of municipal bonds: Don't Miss: AAA-rated municipal bonds are considered the highest quality with the lowest risk of default, reflecting the strong financial health of the issuer.

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.