News Results

  1. Oversight Board rejects second PREPA fiscal plan in two weeks
    SourceMedia Bond Buyer | 06/08/22 02:41 PM EDT

    The board continues to struggle with the local government on fiscal matters six years after PROMESA's passage.

  2. 'Federalized' infrastructure projects bring new responsibilities, says MTA?s McCoy
    SourceMedia Bond Buyer | 06/08/22 01:32 PM EDT

    MTA finance director Pat McCoy said issuers need to ask if they are prepared to deal with the requirements attached to federal money.

  3. Colorado to study use of blockchain security tokens in debt offerings
    SourceMedia Bond Buyer | 06/08/22 12:48 PM EDT

    Gov. Jared Polis, who has been pushing for his state to become a center of the blockchain economy, signed a bill requiring a study of security tokens.

  4. Southeast prepares for another above-average hurricane season
    SourceMedia Bond Buyer | 06/08/22 12:17 PM EDT

    NOAA predicts six to 10 hurricanes and expects that between three and six of those will be classified as major storms in categories three to five.

  5. California surplus plays role as Sacramento schools get rating outlook boost
    SourceMedia Bond Buyer | 06/07/22 05:19 PM EDT

    Fitch Ratings revised the outlook on Sacramento City Unified School District's BBB-plus issuer default rating to stable from negative.

  6. Municipal short end strength continues
    SourceMedia Bond Buyer | 06/07/22 04:07 PM EDT

    Positive momentum and supply scarcity are themes for the near future, which should bode well for the market.

  7. Local pension funds tread water around Chicago and Illinois
    SourceMedia Bond Buyer | 06/07/22 02:42 PM EDT

    Cook County and the Illinois Municipal Retirement Fund reported improving pension health, while the unfunded liabilities of Chicago funds worsened in 2020.

  8. SEC's Sanchez: Lots of 'noise' around ESG disclosure, but issuers should stick to principles
    SourceMedia Bond Buyer | 06/07/22 11:41 AM EDT

    Issuers need to be careful with bonds specifically marketed as green, said the head of Office of Municipal Securities.

  9. Republican-led House may escalate pandemic funds scrutiny
    SourceMedia Bond Buyer | 06/07/22 09:32 AM EDT

    Republicans, who argue pandemic aid is partly to blame for inflation, have said the large aid packages came with too few guardrails.

  10. Maryland to bring $1 billion-plus GOs to competitive market
    SourceMedia Bond Buyer | 06/06/22 04:19 PM EDT

    Gilt-edged Maryland typically helps to guide triple-A yield curves.

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.