News Results

  1. Judge strikes down Rhode Island's toll system as unconstitutional
    SourceMedia Bond Buyer | 03:16 PM EDT

    The ruling "sends a strong signal to other states that trucking is not to be targeted as a piggy bank," said the president of the Rhode Island trucking association.

  2. Illinois chips away at unemployment trust loan balance
    SourceMedia Bond Buyer | 03:08 PM EDT

    Illinois will pay down another $450 million of the $1.8 billion outstanding from a $4.5 billion federal loan to pay pandemic-related unemployment claims.

  3. Inflation threatening large city pension funds
    SourceMedia Bond Buyer | 02:30 PM EDT

    Chicago is leading the pack in pension fund problems.

  4. Michigan picks deal team as it readies $1.9 billion of trunk line bonds
    SourceMedia Bond Buyer | 01:40 PM EDT

    With interest rates expected to keep rising, the deal will tap all of the remaining authorization from the $3.5 billion Rebuilding Michigan bond program.

  5. Lumesis introduces debt analysis tool
    SourceMedia Bond Buyer | 12:22 PM EDT

    The tool provides summaries of outstanding debt, maturity profiles, and debt service schedules for the entire public finance market and is an outgrowth of the company's legacy Debt Maps.

  6. Muni yields rise amid global bond market volatility
    SourceMedia Bond Buyer | 09/26/22 04:28 PM EDT

    Bids wanteds have been elevated, municipal bond mutual?fund outflows large and consistent?and the short end of the U.S. Treasury curve continues its march upward, moves that muni investors cannot ignore.

  7. Patrick Brett leaves technological legacy as MSRB chair
    SourceMedia Bond Buyer | 09/26/22 02:46 PM EDT

    Brett, whose term ends this week, oversaw the MSRB's push for a greater integration of technology as well as overseeing some controversial rule proposals.

  8. PREPA parties disagree on road forward
    SourceMedia Bond Buyer | 09/26/22 02:31 PM EDT

    While the parties generally support the start of litigation, they are arguing about everything else.

  9. A Utah power agency bets on first-of-its-kind nuclear project
    SourceMedia Bond Buyer | 09/26/22 01:26 PM EDT

    Utah Associated Municipal Power Systems is advancing the nation's first small modular reactor, a $6 billion project supporters say is the future of nuclear energy.

  10. North Carolina commission approves $1 billion of local bonds
    SourceMedia Bond Buyer | 09/26/22 01:15 PM EDT

    Guilford County's request for a $1.7 billion voter-approved bond package, however, was put on hold until the next Local Government Commission meeting.

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.