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. Constructive secondary tone emerges leading to first drop in yields since April
    SourceMedia Bond Buyer | 05/19/22 04:25 PM EDT

    Refinitiv Lipper reported $2.712 billion of outflows, bringing the total outflows so far in 2022 to $65.8 billion, surpassing the last largest annual outflows of $63.5 billion during the Taper Tantrum in 2013.

  3. Muni bonds still have role amid federal infrastructure dollars
    SourceMedia Bond Buyer | 05/19/22 03:21 PM EDT

    Some worry that governments will use new infrastructure funds for generic, shovel-ready projects, or even tax cuts, instead of collaborative plans that could transform regions.

  4. Tax-exempt advance refunding not likely for years
    SourceMedia Bond Buyer | 05/19/22 02:11 PM EDT

    Panelists at the NFMA 2022 annual conference said they aren?t holding out for advance refunding to be reinstated anytime soon.

  5. KBRA Assigns AA+ Rating, Stable Outlook to LADWP Water System Revenue Bonds, 2022 Series C
    Business Wire | 05/19/22 01:48 PM EDT

    KBRA assigns the long-term rating of AA+ with a Stable Outlook to the Department of Water and Power of the City of Los Angeles Water System Revenue Bonds, 2022 Series C. Concurrently, KBRA affirms the long-term rating of AA+ with a Stable Outlook to the Department of Water and Power of the City of Los Angeles outstanding Water System Revenue Bonds. Click here to view the report.

  6. The complicated, costly road to getting the lead out
    SourceMedia Bond Buyer | 05/19/22 01:36 PM EDT

    The bulk of the first tranches of the $15 billion of IIJA funds will likely be used to figure out where lead lines are located, so states and water systems can determine the scope of the problem.

  7. Casella Waste Systems, Inc. Announces Pricing of $35.0 Million of Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2022
    GlobeNewswire | 05/19/22 01:30 PM EDT

    Casella Waste Systems, Inc. (CWST), a regional solid waste, recycling and resource management services company, today announced that it has priced the previously announced offering of $35.0 million aggregate principal amount of Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds Series 2022 to be issued under an indenture between the Issuer and the bond trustee.

  8. Chicago staring at $306 million 2023 budget gap
    SourceMedia Bond Buyer | 05/19/22 01:22 PM EDT

    Chicago's preliminary projected gap in the next budget, when Mayor Lori Lightfoot has vowed to reach structural balance, is down from an $867 million estimate.

  9. Hospitals were top target for cyberattacks in 2021
    SourceMedia Bond Buyer | 05/19/22 11:49 AM EDT

    The sector is a target-rich environment due to the large amount of sensitive data that healthcare entities maintain for patient care and operations.

  10. State credit outlook stable, but downturn would hurt, Conning says
    SourceMedia Bond Buyer | 05/19/22 10:26 AM EDT

    While the report offers many positives for states, headwinds loom, according to investment management firm Conning.

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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