News Results

  1. SEC settles with San Diego-area school district and former CFO
    SourceMedia Bond Buyer | 09/16/21 04:01 PM EDT

    The Securities and Exchange Commission settled with the Sweetwater Union High School District as well as former Chief Financial Officer Karen Michel.

  2. Overpowering fundamentals are keeping muni rates steady
    SourceMedia Bond Buyer | 09/16/21 03:34 PM EDT

    Refinitiv Lipper reported $1.3 billion of inflows and an increase in high-yield flows, marking the 28th consecutive week the fund complex saw inflows.

  3. Illinois reaps first market benefits of ratings upswing
    SourceMedia Bond Buyer | 09/16/21 03:00 PM EDT

    Illinois trimmed yield penalties in its latest sales tax-backed sale with spreads of 40 and 45 basis points on its 10-year compared to 89 bp three years ago.

  4. Bonds deep in background of California school district divorce fight
    SourceMedia Bond Buyer | 09/16/21 01:37 PM EDT

    The pluses and minuses of breaking up the 70-year-old Santa Monica-Malibu Unified School District will be weighed during a public hearing Saturday.

  5. House Ways and Means approves key muni provisions; SALT debate on tap
    SourceMedia Bond Buyer | 09/16/21 01:01 PM EDT

    Friendly market provisions, including a direct-pay bond program and restoration of advance refundings, will head to full House after approval by Ways and Means Committee.

  6. Roosevelt & Cross Completes $25 Million City of Yonkers Industrial Development Agency School Facility Revenue Bonds for the New Community School Project
    Business Wire | 09/16/21 11:59 AM EDT

    Roosevelt & Cross Incorporated, a registered broker-dealer that specializes in tax-exempt and taxable municipal debt, today announced the successful completion of a $25 million City of Yonkers Industrial Development Agency School Facility Revenue Bonds issue for the New Community School Project.

  7. 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.

  8. 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.

  9. 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.

  10. 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.

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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