News Results

  1. Issuers to test investor appetite with more than $12B supply
    SourceMedia Bond Buyer | 05/17/24 03:59 PM EDT

    There are nearly 30 new-issues over $100 million on tap across the credit spectrum, led by the week's largest negotiated deal from Harris County, Texas, with $950 million of toll road first lien revenue and refunding bonds. The competitive calendar ticks up with several high-grade names.

  2. U.S. Senate committee grapples with challenges facing rural hospitals
    SourceMedia Bond Buyer | 05/17/24 02:48 PM EDT

    The number of rural hospitals in the red jumped by 7% in 2023. A Senate Finance Committee discussed aid to help them stay afloat.

  3. Slow, then slower: municipal bond issuer audit delays hit 12-year high
    SourceMedia Bond Buyer | 05/17/24 11:32 AM EDT

    The median time for issuers in all municipal bond sectors to produce audited financials rose nearly 10.5% from 2011 to 2022, according to a new report.

  4. California governor hits the gas pedal on property insurance changes
    SourceMedia Bond Buyer | 05/17/24 08:00 AM EDT

    Municipal analysts have been tracking the challenges faced by home insurers in California and other states plagued with extreme weather events as a harbinger of credit risk.

  5. High-yield fund inflows paint mixed demand picture
    SourceMedia Bond Buyer | 05/16/24 04:52 PM EDT

    "In terms of credit quality,?high-yield funds proved resilient" while investment-grade funds saw outflows of $673 million, noted J.P. Morgan's Peter DeGroot in a market note.

  6. ETF demand solid amid growing retail interest
    SourceMedia Bond Buyer | 05/16/24 03:23 PM EDT

    Muni exchange-traded funds are "dominated" by retail and are "momentum driven," said David Litvack, a tax-exempt strategist and chief investment officer at BofA.

  7. Texas Capital launches public finance business with ex-UBS hire
    SourceMedia Bond Buyer | 05/16/24 02:27 PM EDT

    Texas Capital hired Steve Genyk, a former public finance head at UBS Financial Services, as a managing director to lead its new public finance business.

  8. PREPA judge rejects motion on payment capacity
    SourceMedia Bond Buyer | 05/16/24 12:52 PM EDT

    The bond parties opposed to the plan of adjustment have already argued the Puerto Rico Oversight Board's electricity projections are too pessimistic, Judge Swain said.

  9. Bill would restore advance refunding, create new direct-pay bond
    SourceMedia Bond Buyer | 05/16/24 11:32 AM EDT

    The measure "sets the table for a likely big tax bill next Congress," said Charles Samuels of Mintz Levin.

  10. Bankruptcy snares municipal bonds for wood pellet operator
    SourceMedia Bond Buyer | 05/16/24 08:00 AM EDT

    Enviva's (EVA) $353 million in tax-exempt bonds currently are among the liabilities at stake in the company's Chapter 11 bankruptcy.

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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