News Results

  1. Fitch affirms revises Atlanta courthouse project bond outlook to positive
    SourceMedia Bond Buyer | 09/26/23 04:18 PM EDT

    Fitch Ratings affirmed the city's AA-plus GO rating while bumping the outlook on certificates of participation sold for its city courthouse.

  2. Muni yields continue to rise, USTs weaker out long
    SourceMedia Bond Buyer | 09/26/23 04:00 PM EDT

    Yields have "risen substantially over the last week as the market seeks to find at least a minor level of balance or equilibrium," said Tom Kozlik, managing director and head of public policy and municipal strategy at HilltopSecurities.

  3. Bond issuance 'on the table' as Arizona agency hunts for water
    SourceMedia Bond Buyer | 09/26/23 01:16 PM EDT

    The state's Water Infrastructure Finance Authority is "strongly considering" the use of bonds as it seeks ideas on augmenting water supplies.

  4. SEC settles with California MA over breach of fiduciary duty
    SourceMedia Bond Buyer | 09/26/23 12:25 PM EDT

    The firm, without admitting or denying the findings, agreed to pay a $60,000 civil penalty.

  5. White House awards $1.4 billion for rail projects, including California HSR
    SourceMedia Bond Buyer | 09/26/23 12:09 PM EDT

    California Gov. Gavin Newsom said the $202 million grant signals the Biden administration's commitment to "clean, electrified high-speed rail into the heart of some of the largest and fastest growing cities in California."

  6. Retail muni bond ownership trends hold in second quarter
    SourceMedia Bond Buyer | 09/26/23 11:59 AM EDT

    Data for the second quarter show the face amount of munis outstanding rose 0.4% quarter-over-quarter, or $15.5 billion, to $4.043 trillion.

  7. Omaha Public Power District to bring $650 million of double-A bonds
    SourceMedia Bond Buyer | 09/26/23 11:55 AM EDT

    The district plans an aggressive capital program in the next few years to meet rising demand and transition away from coal-fired plants.

  8. Deals from Texas, Florida top slate; muni yields continue to rise
    SourceMedia Bond Buyer | 09/25/23 04:40 PM EDT

    "People are just kind of sitting on their hands and being careful because MMD is raising yields every day and people don't know which way this is heading," said John Farawell of Roosevelt & Cross.

  9. Moody's removes negative outlook on Napa Valley community college
    SourceMedia Bond Buyer | 09/25/23 03:05 PM EDT

    The rating agency removed the negative outlook it had assigned after the community college district's accreditation was threatened.

  10. Cities win class-action status on VRDO charges against banks
    SourceMedia Bond Buyer | 09/25/23 02:40 PM EDT

    With class certification now in hand, the cities that brought the lawsuit have two weeks to outline how other municipalities will be provided notice of the chance to join.

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.