News Results

  1. Risk-on swings pendulum back to equities; munis stand pat
    SourceMedia Bond Buyer | 12/21/21 04:02 PM EST

    U.S. Treasuries saw losses pushing municipal to UST ratios on the 10- and 30-year lower again.

  2. Hefty $15B calendar led by California names
    SourceMedia Bond Buyer | 12/03/21 04:14 PM EST

    The weaker-than-expected employment report sent U.S. Treasury yields lower and equities sold off. Munis did what they've been doing ? mostly ignored it.

  3. Munis strengthen with Treasuries as stock prices plunge on COVID fears
    SourceMedia Bond Buyer | 11/26/21 02:24 PM EST

    Municipal yields fell as much as three basis points on Friday as Treasuries soared in a flight-to quality bid as stocks plunged on fears about the emergence of a new COVID variant.

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.