News Results

  1. 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.

  2. Guam settles on $937 million budget for FY2022
    SourceMedia Bond Buyer | 09/14/21 04:11 PM EDT

    Moody's says Guam needs to be ready to respond to shortfalls.

  3. Illinois clean energy bill a partial reprieve for coal-fired power plants
    SourceMedia Bond Buyer | 09/14/21 02:21 PM EDT

    Legislation backed by Illinois Gov. J.B. Pritzker gives two municipally owned coal plants more time to cut carbon emissions but they still face closure in 2045.

  4. Illinois clean energy bill a partial reprieve for coal-fired power plants
    SourceMedia Bond Buyer | 09/14/21 01:35 PM EDT

    Legislation backed by Illinois Gov. J.B. Pritzker gives two municipally owned coal plants more time to cut carbon emissions but they still face closure in 2045.

  5. Native tribes treated as states under draft reconciliation bill
    SourceMedia Bond Buyer | 09/14/21 12:56 PM EDT

    The draft House reconciliation bill includes a provision that would treat native tribes the same as states for the sake of tax exempt bond issuance, eliminating the burdensome essential governmental function test.

  6. Dealer groups urge approval of MSRB proposal, request minor changes
    SourceMedia Bond Buyer | 09/14/21 12:34 PM EDT

    The proposed changes would reduce the volume of disclosures dealers have to make to customers each year.

  7. Dealer groups urge approval of MSRB proposal, request minor changes
    SourceMedia Bond Buyer | 09/14/21 12:32 PM EDT

    The proposed changes would reduce the volume of disclosures dealers have to make to customers each year.

  8. Democrats vow repeal of SALT cap
    SourceMedia Bond Buyer | 09/14/21 10:53 AM EDT

    SALT relief was not part of the initial language in the reconciliation bill, but several moderate Democrats say they won't support the legislation without it.

  9. Munis steady; market awaits new-issue onslaught
    SourceMedia Bond Buyer | 09/13/21 04:08 PM EDT

    Market participants welcomed the municipal-related provisions in the reconciliation bill but are hesitant to start making bets on its passage.

  10. University of Minnesota offers sustainability-designated bonds
    SourceMedia Bond Buyer | 09/13/21 03:49 PM EDT

    The university heads into the market this week with a mix of tax-exempt, taxable, new money sustainability and refunding bonds

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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