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. 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.

  3. 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.

  4. Mortgage Rates Dip
    GlobeNewswire | 08/05/21 10:00 AM EDT

    Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 2.77 percent. ?With global market uncertainty surrounding the Delta variant of COVID-19, we saw 10-year Treasury yields drift lower and consequently mortgage rates followed suit,? said Sam Khater, Chief Economist at Freddie Mac.

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.