News Results

  1. Munis face slight pressure amid primary flood
    SourceMedia Bond Buyer | 10/19/21 04:17 PM EDT

    Spreads have been widening, but secondary trading was on the light side and triple-A benchmarks were cut by only a basis point in spots even as U.S. Treasury yields once again rose on the 10- and 30-year.

  2. First cuts to yields in weeks, but munis still outperform risk-on trade
    SourceMedia Bond Buyer | 09/23/21 04:18 PM EDT

    U.S. Treasuries sold off by double digits while municipals cut levels by one to three basis points. Refinitiv Lipper reported another $1.55 billion of inflows for the 29th consecutive week.

  3. Billions price into primary, do little to move benchmarks
    SourceMedia Bond Buyer | 09/14/21 04:25 PM EDT

    Large new issues from California, New York utilities and airport deals were repriced to lower yields and remained the focus for the municipal market, again ignoring a swing by U.S. Treasuries.

  4. A touch weaker, but munis outperform U.S. Treasuries
    SourceMedia Bond Buyer | 09/07/21 04:24 PM EDT

    As the market prepares for a smaller primary calendar in the holiday-shortened week, fund flows again are worth exploring as a strong demand component for 2021.

  5. Munis still in the red but start last week of August steady
    SourceMedia Bond Buyer | 08/23/21 04:03 PM EDT

    U.S. Treasuries gave little direction Monday, holding ratios and yields steady, leading most participants to argue both are satisfactory to ride out the summer.

  6. Primary in focus as steady secondary tone persists
    SourceMedia Bond Buyer | 07/13/21 04:03 PM EDT

    Municipals outperformed U.S. Treasuries for a third sessions moving the 10-year municipal to UST ratio below 60%.

  7. Investors push back on nominal yields
    SourceMedia Bond Buyer | 06/22/21 04:26 PM EDT

    A volatile U.S. Treasury market and month-end positioning are pressuring municipal yield curves.

  8. WMATA, high-grade competitives direct yields lower
    SourceMedia Bond Buyer | 05/25/21 04:20 PM EDT

    Triple-A municipal benchmark yield curves were bumped one to two basis points, lagging a four basis point rally in U.S. Treasuries after weaker consumer sentiment and dovish comments from Fed officials moved equities lower.

  9. Pressure's on as 10-year approaches 1%, but fund flows hold sway
    SourceMedia Bond Buyer | 04/29/21 04:25 PM EDT

    Refinitiv Lipper reported another week of inflows at $1.64 billion, with $630 million headed into to high-yield. Benchmark yields rose as much as four basis points following weaker U.S. Treasuries, resistance to ultra-low yields.

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.