News Results

  1. Fed nominee Barr 'well positioned' for confirmation after Senate hearing
    SourceMedia Bond Buyer | 05/19/22 04:26 PM EDT

    The Biden administration?s pick for Federal Reserve vice chair for supervision faced questions about climate change, digital assets and the central bank?s independence. But he did not meet the same resistance from Republicans as the White House?s first choice, Sarah Bloom Raskin, observers said.

  2. Munis slightly off; USTs, equities mixed ahead of FOMC decision
    SourceMedia Bond Buyer | 05/03/22 03:48 PM EDT

    The municipal market was marked by some skittishness among investors on Tuesday as a new month gets underway.

  3. Munis mixed, outperform USTs ahead of FOMC meeting
    SourceMedia Bond Buyer | 04/29/22 04:12 PM EDT

    Investors will be greeted Monday with a steep drop in volume, with the new-issue calendar estimated at $4.583 billion ? less than half of this week's supply.

  4. Small banks doubt the Fed can avert a recession
    SourceMedia Bond Buyer | 04/28/22 10:25 AM EDT

    In a recent survey, just over half of community bankers expressed concern that the central bank will harm the U.S. economy by raising rates too fast in its quest to contain inflation.

  5. Munis ignore UST improvements; Washington sells $1.32B of GOs
    SourceMedia Bond Buyer | 04/26/22 04:27 PM EDT

    Relative cheapness, wider spreads and underperformance in munis are providing better value, all set against a very solid and resilient credit background, analysts say, but supply is testing investor sentiment amid volatility.

  6. Fed turns to private sector to beef up tech staff
    SourceMedia Bond Buyer | 04/18/22 09:01 PM EDT

    The Federal Reserve has hired five executives from the stablecoin issuer Circle and at least one employee of Ripple since 2019 as part of its technology-focused recruiting efforts. It plans to do more hiring in the years ahead to aid its work on faster payments and central bank digital currencies.

  7. Munis underperform post CPI-led UST rally
    SourceMedia Bond Buyer | 04/12/22 04:28 PM EDT

    The March consumer price index offered little to deter the Federal Reserve from its aggressive plans, but markets saw it as a positive, having feared an upside miss.

  8. Puerto Rico?s economy continues to show signs of strength
    SourceMedia Bond Buyer | 03/28/22 02:55 PM EDT

    The commonwealth's unemployment rate hit a record low in February.

  9. Five Southeast states have achieved full jobs recovery, Fitch says
    SourceMedia Bond Buyer | 03/25/22 01:40 PM EDT

    Ten states, includeing five in the Southeast, pre-pandemic employment levels in January, according to Fitch Ratings. In an update, the U.S. Labor Department reported Florida?s seasonally adjusted unemployment rate fell to 3.3% in February.

  10. In setback for White House, Raskin withdraws nomination for Fed post
    SourceMedia Bond Buyer | 03/15/22 05:38 PM EDT

    Sarah Bloom Raskin, whose views on the role of climate risk in bank supervision angered Republicans, said she has taken herself out of the running so the gridlocked Senate Banking Committee could move forward with the Biden administration?s other nominees to the Federal Reserve Board.

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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