News Results

  1. DOT needs help from Congress for TOD funding
    SourceMedia Bond Buyer | 04:51 PM EDT

    Undersubscribed funding opportunities are blocked by regulation.

  2. Munis steady, upsized $2.5B JFK deal prices
    SourceMedia Bond Buyer | 04:01 PM EDT

    Issuance this year is "well on its way" to $450 billion, mostly from the tax-exempt supply of new money projects, said Matt Fabian, a partner at Municipal Market Analytics.

  3. Battle over Austin light-rail bonds moves to appeals court
    SourceMedia Bond Buyer | 01:42 PM EDT

    The city and its Austin Transit partnership are seeking court validation for bonds to help finance the multi-billion-dollar project.

  4. Brightline train's proposed Tampa extension wins regional support
    SourceMedia Bond Buyer | 01:32 PM EDT

    A coalition of metropolitan planning organizations and transportation officials along the Interstate-4 corridor approved a resolution supporting further development.

  5. On AI adoption, Columbus takes a page from corporate America
    SourceMedia Bond Buyer | 10:30 AM EDT

    Columbus' technology modernization push has embedded artificial intelligence functionality into its payroll, revenue and accounting and operations systems.

  6. MMA: Borrowers' lack of climate disclosures may foreshadow credit weakness
    SourceMedia Bond Buyer | 10:23 AM EDT

    Investors may want to consider non-disclosure of climate hazards as a symbol of non-resilient projects and limited planning.

  7. Arizona lawmakers pass bill to ease the sting of Maricopa County tax refunds
    SourceMedia Bond Buyer | 08:00 AM EDT

    The legislature addressed the cost of a $329 million property tax refund in the state's largest county as well as passed a fiscal 2025 budget.

  8. Munis somewhat weaker, UST yields rise
    SourceMedia Bond Buyer | 06/17/24 03:43 PM EDT

    Despite some slight weakness Monday, munis continued an "impressive start to June," with yields falling 10 to 13 basis points last week, Birch Creek strategists said.

  9. Los Angeles social bonds score AAA rating ahead of competitive sale
    SourceMedia Bond Buyer | 06/17/24 02:49 PM EDT

    The City of Angels is the latest in recent days to score a ratings upgrade as Fitch reviews its local government ratings using amended criteria.

  10. MSRB adds Tradeweb AAA Municipal Curve to EMMA
    SourceMedia Bond Buyer | 06/17/24 02:07 PM EDT

    According to the board, the addition is an important means to enhance market transparency and is in line with its FY24 priority to expand the EMMA platform.

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.