News Results

  1. Munis firmer ahead of $7.2B new-issue calendar
    SourceMedia Bond Buyer | 06/14/24 03:56 PM EDT

    The new-issue calendar is led by the New York Transportation Development Corp. with $1.5 billion of green AMT special facilities revenue bonds for the John F. Kennedy International Airport New Terminal One project,

  2. San Diego County's pension bonds bumped to AAA as part of Fitch criteria review
    SourceMedia Bond Buyer | 06/14/24 02:31 PM EDT

    Ten other pension obligation bonds are under review by Fitch Ratings as a result of the agency's new local government criteria.

  3. Louis English joins Janney as head of municipal sales
    SourceMedia Bond Buyer | 06/14/24 01:51 PM EDT

    Louis English joined Janney Montgomery Scott as managing director and head of municipal sales in the fixed-income division, based out of the Chicago office.

  4. Indianapolis kills soccer stadium for existing team to chase MLS dream
    SourceMedia Bond Buyer | 06/14/24 08:44 AM EDT

    A new Professional Sports Development Area just passed by the City-County Council will be going before the Metropolitan Development Commission on June 26.

  5. Criteria shift lands Los Angeles County a second triple-A rating
    SourceMedia Bond Buyer | 06/14/24 08:00 AM EDT

    The one-notch upgrade from Fitch Ratings comes as the county plans to to sell up to $900 million in two lease revenue bond deals this summer.

  6. Industry hails PREPA court decision as win for bondholders, revenue bond pledges
    SourceMedia Bond Buyer | 06/13/24 04:37 PM EDT

    Observers and participants said the ruling sends a message that the municipal revenue bond pledge is strong and the Oversight Board's plan of adjustment for PREPA as it currently is proposed is unlikely to be able to stand.

  7. Municipals see gains as spreads tighten
    SourceMedia Bond Buyer | 06/13/24 04:10 PM EDT

    "Even after this week's rally, absolute yields look attractive in the context of the trading range over the past three years, May's underperformance versus taxable fixed-income, and our longer-term projections for lower rates this year," J.P. Morgan strategists said.

  8. Houston City Council passes fiscal 2025 budget
    SourceMedia Bond Buyer | 06/13/24 03:50 PM EDT

    The spending plan for the fiscal year that begins July 1 contains no tax increases or new fees and puts off finding a recurring solution for a structural budget gap.

  9. DC passes budget, axes muni tax exemption
    SourceMedia Bond Buyer | 06/13/24 02:33 PM EDT

    Interest on out of state municipal bonds will now be taxable.

  10. Oversight Board raises more questions about Puerto Rico's finances
    SourceMedia Bond Buyer | 06/13/24 08:00 AM EDT

    Oversight Board Executive Director Robert Mujica said the only recently released fiscal 2022 ACFR showed revenues and expenditures continue to be imbalanced.

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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