News Results

  1. Chicago will debut first social bond under higher-rated STSC credit
    SourceMedia Bond Buyer | 11/18/22 12:08 PM EST

    Chicago's Sales Tax Securitization Corp. will sell $150 million of social bonds next month in the city's first ESG-labeled deal.

  2. Pierluisi supports LUMA contract during House committee hearing
    SourceMedia Bond Buyer | 11/18/22 12:05 PM EST

    Puerto Rico Gov. Pedro Pierluisi told lawmakers he would not support a PREPA debt settlement that would cause "extraordinary increases in the cost of electricity."

  3. Mutual funds see inflows for first time in 14 weeks
    SourceMedia Bond Buyer | 11/17/22 04:20 PM EST

    Municipals improved again Thursday, pushing the 10-year yield firmly below 3%, while Refinitiv Lipper reported $604.704 million of inflows into municipal bond mutual funds for the week ending Wednesday.

  4. Nov. 30 pricing date eyed for $3.4B Texas natural gas securitization
    SourceMedia Bond Buyer | 11/17/22 02:43 PM EST

    The deal has until the end of Friday to clear the Texas Bond Review Board, whose members had no questions about the transaction when it was presented at a Thursday meeting.

  5. Puerto Rico Oversight Board hires new executive director
    SourceMedia Bond Buyer | 11/17/22 02:41 PM EST

    Robert Mujica Jr.'s experience with New York State debt makes him a good choice, according to an observer.

  6. Experts examine municipal financial health
    SourceMedia Bond Buyer | 11/17/22 02:16 PM EST

    Major cities are generally doing well despite economic volatility.

  7. MSRB extends Rule G-27 relief again
    SourceMedia Bond Buyer | 11/17/22 12:34 PM EST

    The Municipal Securities Rulemaking Board has filed to extend G-27 relief to give dealers an extra six-month window for remote inspections

  8. Inflation, rising rates major hurdles for IIJA progress
    SourceMedia Bond Buyer | 11/17/22 11:30 AM EST

    Some projects that were budgeted and started at the beginning of the inflation spiral are now in jeopardy.

  9. Brean Capital LLC broadens its muni platform
    SourceMedia Bond Buyer | 11/17/22 10:35 AM EST

    Investment bank expands with three former Citigroup muni veterans at the helm.

  10. Knotts joins Bass, Berry & Sims law firm in Nashville, Tennessee
    SourceMedia Bond Buyer | 11/17/22 10:23 AM EST

    Knotts has almost 15 years of experience in state government and will advise clients in public finance and on economic development matters across Tennessee.

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.