News Results

  1. Janney brings on Citi?s Cheng; Ortiz heads to higher ed advisory group
    SourceMedia Bond Buyer | 08/01/22 01:18 PM EDT

    Alice Cheng, a 2018 Bond Buyer Rising Star, brings over 10 years of experience in the industry, covering muni credits across asset classes. Erin Ortiz is moving into Janney's Higher Education & Not-for-Profit Advisory Group.

  2. FINRA fines, suspends broker for MSRB rule violation
    SourceMedia Bond Buyer | 08/01/22 12:58 PM EDT

    Broker and investment advisor Wayne von Borstel has been suspended by FINRA for 15 business days for violating MSRB Rule G-8 on recordkeeping

  3. Revenue-rich states offer targeted sales tax breaks as inflation skyrockets
    SourceMedia Bond Buyer | 08/01/22 12:35 PM EDT

    Several states are holding sales tax holidays for school supplies and other items amid strong revenue collections, although critics say they will do little to ease the impact of high inflation.

  4. Meredith Hathorn to lead MSRB as new chair
    SourceMedia Bond Buyer | 07/29/22 03:43 PM EDT

    The MSRB announced new board leadership as well as a revision to a controversial fee structure proposal.

  5. Munis close out July in the black
    SourceMedia Bond Buyer | 07/29/22 03:40 PM EDT

    Municipals will end July with positive returns across all sectors. The Bloomberg Municipal Index shows a 2.49% return in July, moving year-to-date losses lower to 6.71%.

  6. Puerto Rico FAFAA objects to HTA plan of adjustment
    SourceMedia Bond Buyer | 07/29/22 03:09 PM EDT

    The authority says the Puerto Rico Oversight Board is illegally telling it how non-debtor government bodies must act.

  7. Moody?s lifts Minnesota?s rating to Aaa
    SourceMedia Bond Buyer | 07/29/22 02:55 PM EDT

    A rating upgrade by Moody's Investors Service (MCO) means Minnesota has triple-A ratings from three major rating agencies.

  8. July issuance drops 32% year-over-year on Fed fears
    SourceMedia Bond Buyer | 07/29/22 02:17 PM EDT

    Total July volume was $25.598 billion in 520 deals versus $37.573 billion in 1,013 issues a year earlier, according to Refinitiv data.

  9. Cities have hundreds of climate-related projects queued up
    SourceMedia Bond Buyer | 07/29/22 12:59 PM EDT

    A group of 20 muni bond investment firms have asked U.S. cities to disclose their environmental-related needs and risks, including infrastructure projects, to CDP, a global disclosure firm.

  10. Puerto Rico board cites progress in asking for continued PREPA mediation
    SourceMedia Bond Buyer | 07/29/22 10:39 AM EDT

    The Unsecured Creditors Committee, a PREPA union and a PREPA retiree group disagree. They want litigation to start.

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.