News Results

  1. Billion-plus inflows, more supply, steady tone persists
    SourceMedia Bond Buyer | 09/15/21 04:09 PM EDT

    While falling to the lowest amount of inflows since June 2, the total for the year according to ICI at $72 billion, is still on pace to come close to or break the record, $93.2 billion, hit in 2019.

  2. Illinois RTA plans taxable refunding buoyed by improved rating outlook
    SourceMedia Bond Buyer | 09/15/21 03:49 PM EDT

    Ridership on the RTA's three service boards remains sharply below pre-pandemic levels but it benefits from coronavirus relief and stellar sales tax performance.

  3. Stifel adds to fixed income
    SourceMedia Bond Buyer | 09/15/21 02:12 PM EDT

    David Rubulotta and Brant McDuffie will take the helm of the fixed income capital markets division at Stifel Financial Corp.

  4. Oversight Board suit against law scuttling Plan of Adjustment to go forward
    SourceMedia Bond Buyer | 09/15/21 01:59 PM EDT

    Judge Swain rejected the governor's request to stay the board's suit until November.

  5. North Carolina law grants power to dissolve troubled municipalities
    SourceMedia Bond Buyer | 09/15/21 01:06 PM EDT

    The ?tool kit? legislation expands powers of the Local Government Commission, including a last-resort legal process for voluntary or involuntary dissolution.

  6. Gensler testimony has muni market on alert
    SourceMedia Bond Buyer | 09/15/21 12:08 PM EDT

    SEC Chairman Gary Gensler signaled he wants to bring greater efficiency and transparency to municipal bond market

  7. 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.

  8. 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.

  9. 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.

  10. 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.

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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