News Results

  1. 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.

  2. SEC files first-ever cases enforcing Rule G-42 against municipal advisors
    SourceMedia Bond Buyer | 09/23/21 03:50 PM EDT

    A firm and its two principals have been charged for an improper fee-splitting arrangement under the relatively new regulatory regime for municipal advisors.

  3. East Moline, Illinois, draws downgrade as it turns to pension obligation bonds
    SourceMedia Bond Buyer | 09/23/21 03:46 PM EDT

    The city's high leverage drew a two-notch Moody's (MCO) downgrade ahead of a pension obligation bond deal to pay the unfunded liabilities of its public safety plans.

  4. Issuers eye broadband, clean water dollars in bipartisan infrastructure bill
    SourceMedia Bond Buyer | 09/23/21 02:52 PM EDT

    The country's digital divide and ailing water infrastructure would see boosts in bipartisan infrastructure bill up for House vote as soon as Monday.

  5. Rating outlooks rise for Hawaii ahead of $1.9 billion taxable GO sale
    SourceMedia Bond Buyer | 09/23/21 12:29 PM EDT

    Both S&P Global Ratings and Moody's Investors Service lifted their outlooks, citing a rebound from pandemic-driven budget pressures.

  6. Revive and strengthen Fed's MLF, incoming NAST president says
    SourceMedia Bond Buyer | 09/23/21 11:42 AM EDT

    Making the Federal Reserve's Municipal Liquidity Facility a permanent emergency lending program would be ?valuable and forward thinking," Connecticut Treasurer Shawn Wooden told a House subcommittee.

  7. Munis trading in a very tight range
    SourceMedia Bond Buyer | 09/22/21 04:33 PM EDT

    Municipals continue to stay in their own lane. ICI reported $1.4 billion of inflows in the 28th consecutive week.

  8. Mintz nabs a pair of veteran bankruptcy and restructuring lawyers
    SourceMedia Bond Buyer | 09/22/21 03:33 PM EDT

    Nathan Coco and Megan Preusker joined the firm this month, deepening the expertise offered by the firm's bankruptcy and restructuring practice.

  9. Nevada rating outlook revised upward to stable by Fitch Ratings
    SourceMedia Bond Buyer | 09/22/21 03:19 PM EDT

    Fitch cited the state's stronger-than-anticipated rebound from the pandemic's lows in revising the outlook on its AA-plus rating from negative.

  10. Budget bill's 3% surcharge likely spares tax-exempt income, tax experts contend
    SourceMedia Bond Buyer | 09/22/21 02:14 PM EDT

    Citi's muni strategy group had worried that a proposed 3% surcharge in the reconciliation bill would apply to tax-exempt interest, but now feels differently.

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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