News Results

  1. Munis outperform big UST sell off post-Powell announcement
    SourceMedia Bond Buyer | 11/22/21 04:07 PM EST

    This week will be all about the secondary market given that the majority of issuance was priced earlier in the month while Dec. 1 coupon payments should make secondary offerings look attractive.

  2. New bond types in infrastructure package may take time to ramp up
    SourceMedia Bond Buyer | 11/22/21 02:13 PM EST

    The new tax-exempt private activity bond categories for broadband and carbon capture projects are designed to avoid straining state volume cap.

  3. New York City claims conflict of interest in request to disqualify Sidley Austin
    SourceMedia Bond Buyer | 11/22/21 12:44 PM EST

    Avoiding even the appearance of representing conflicting interests is important for attorneys and municipal advisors alike.

  4. Lander looks to balance progressive ideals, fiscal vigilance
    SourceMedia Bond Buyer | 11/22/21 11:11 AM EST

    The two are in sync, said New York City's incoming comptroller, who will take office Jan. 1.

  5. A stronger tone following UST; supply falls to a trickle
    SourceMedia Bond Buyer | 11/19/21 04:46 PM EST

    The Thanksgiving holiday-shortened week, next-to-no supply and few economic data releases should keep munis steady.

  6. McKinsey had access to nonpublic information while trading Puerto Rico bonds, SEC says
    SourceMedia Bond Buyer | 11/19/21 03:19 PM EST

    McKinsey partners had access to material nonpublic information about Puerto Rico while overseeing an internal fund's investment decisions that included the sale of $1 million of Puerto Rico bonds, the SEC said.

  7. U.S. Attorney General seeks Puerto Rico bankruptcy confirmation delay
    SourceMedia Bond Buyer | 11/19/21 02:58 PM EST

    A request by the Department of Justice could delay the confirmation of the Puerto Rico bankruptcy until March or beyond and that in turn could lead to the current deal's collapse.

  8. SEC?s FY 2021 enforcement was robust in the muni arena
    SourceMedia Bond Buyer | 11/19/21 01:24 PM EST

    The Commission?s enforcement results highlight the importance of proper disclosure.

  9. Build Back Better heads to Senate
    SourceMedia Bond Buyer | 11/19/21 12:08 PM EST

    President Joe Biden's $1.7 trillion bill passed the House after months of debate and without any of the municipal bond market's priorities.

  10. New money, old challenges at New York MTA
    SourceMedia Bond Buyer | 11/19/21 11:08 AM EST

    Putting aside dynamics such as federal pandemic aid and congestion pricing, the transit authority's latest financial plan had a rinse-and-repeat feel.

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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