News Results

  1. KBRA Releases Report Assigning AA+ Rating to the City of New York?s General Obligation Bonds Fiscal 2022 Series D (Subseries D-1 and Subseries D-2); Outlook is Stable
    Business Wire | 05/13/22 04:45 PM EDT

    On May 12, 2022, KBRA assigned the long-term rating of AA+ with a Stable Outlook to the City of New York?s General Obligation Bonds Fiscal 2022 Series D. Additionally, KBRA affirmed the long-term rating of AA+ with a Stable Outlook to the City?s outstanding General Obligation Bonds. Click here to view the report.

  2. UST weakness, more selling pressure pushes muni yields higher
    SourceMedia Bond Buyer | 05/13/22 04:37 PM EDT

    Despite compelling yields and ratios, buyers continue to be selective. Even if rates stabilize, municipal investors will likely be cautious for some time, waiting for fund outflows to abate, strategists said.

  3. California budget revise lays groundwork for tax rebate battle
    SourceMedia Bond Buyer | 05/13/22 04:08 PM EDT

    Gov. Newsom doubled down on an $11.5 billion gas rebate plan opposed by fellow Democrats in his May budget revision.

  4. Illinois rating momentum carries transit and universities along
    SourceMedia Bond Buyer | 05/13/22 03:21 PM EDT

    The Regional Transportation Authority, Chicago Transit Authority and many state universities have drawn positive rating actions as the state's ratings improved.

  5. New York City gets an outlook boost as it heads into bond market
    SourceMedia Bond Buyer | 05/13/22 12:53 PM EDT

    Fitch Ratings revised its outlook on the city's AA-minus rating to positive ahead of a $1.08 billion general obligation bond sale.

  6. KBRA Releases Report Assigning A+, Stable Outlook to Greater Asheville Regional Airport Authority Airport System Revenue Bonds Series 2022A
    Business Wire | 05/12/22 04:50 PM EDT

    On May 11, 2022, KBRA assigned a long-term rating of A+ with a Stable Outlook to the Greater Asheville Regional Airport Authority Airport System Revenue Bonds Series 2022A. Click here to view the report.

  7. Munis mixed amid inflation-fueled volatility in UST, equities
    SourceMedia Bond Buyer | 05/12/22 04:20 PM EDT

    Investors pulled more from municipal bond mutual funds in the latest week, with Refinitiv Lipper reporting $2.446 billion of outflows, though that was down from $2.669 billion of outflows in the previous week.

  8. Advocate Aurora and Atrium plan multi-state hospital merger
    SourceMedia Bond Buyer | 05/12/22 03:58 PM EDT

    If the deal closes, the two systems say they will evaluate existing debt structures and combine credits where possible and beneficial.

  9. Puerto Rico plans to replace tax on foreign firms
    SourceMedia Bond Buyer | 05/12/22 03:19 PM EDT

    The territory has to respond to a change in U.S. tax policy that will eliminate a substantial source of revenue.

  10. MSRB: Trade volumes at 15-year low
    SourceMedia Bond Buyer | 05/12/22 01:50 PM EDT

    An MSRB analysis finds that trading volumes have fallen dramatically since the Great Recession, led by a drop in short-term paper, while trading surged at certain times of uncertainty and market dislocation.

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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