News Results

  1. Midwest voters shake up two legislatures, embrace school bond measures
    SourceMedia Bond Buyer | 11/22/22 09:08 AM EST

    The Nov. 8th ballot in Midwest states was crowded with bond, governance, and policy questions.

  2. Changing work patterns may have long-lasting impact on NYC finances
    SourceMedia Bond Buyer | 11/22/22 09:00 AM EST

    "An increase in social distancing and remote work has resulted in growing vacant office space since late 2020. Office rents have also trended down and remained depressed into 2022," according to the Popular Annual Financial Report.

  3. Pay-as-you-go option for capital improvements passes in Alabama
    SourceMedia Bond Buyer | 11/22/22 08:50 AM EST

    Local officials will now be able to access to revenue from a special tax levy previously reserved only for bonded debt to pay for capital improvements.

  4. Steady Monday for munis amid light supply
    SourceMedia Bond Buyer | 11/21/22 04:03 PM EST

    The negotiated calendar this week is very light due to the Thanksgiving holiday, with only four deals above $100 million.

  5. KBRA Releases Report Assigning AAA Rating to Harris County, TX?s Tax & Subordinate Lien Revenue Certificates of Obligation, Series 2022
    Business Wire | 11/21/22 02:41 PM EST

    On November 16, 2022, KBRA assigned a long-term rating of AAA to Harris County, TX?s Tax and Subordinate Lien Revenue Certificates of Obligation, Series 2022. To access ratings and relevant documents, click here. Click here to view the report.

  6. Treasury dealt blow over ARPA Offset Provision
    SourceMedia Bond Buyer | 11/21/22 02:07 PM EST

    A Federal appellate court has issued two opinions in the cases of Ohio and Kentucky and Tennessee, and in the latter, agreed the offset provision is unconstitutional.

  7. Oklahoma Supreme Court to hear turnpike bond dispute
    SourceMedia Bond Buyer | 11/21/22 01:01 PM EST

    Property owners in the path of a $5 billion highway extension and the Oklahoma Turnpike Authority are fighting over whether state statutes allow for the issuance of bonds for the project.

  8. Milwaukee takes fresh rating hits over budgetary and pension pressures
    SourceMedia Bond Buyer | 11/21/22 12:20 PM EST

    Fitch and S&P downgraded the city as it grapples with rising costs, limited revenue prospects and a looming pension funding spike.

  9. Bond Buyer announces finalists for 2022 Deal of the Year
    SourceMedia Bond Buyer | 11/21/22 10:07 AM EST

    All award winners will be honored at a ceremony at Guastavino's in New York City on Dec. 6 and are also finalists for the national Deal of the Year award, which will be announced at the close of the gala.

  10. WAPA propane supplier cuts off Virgin Islands due to bill backlog
    SourceMedia Bond Buyer | 11/21/22 09:38 AM EST

    The financially distressed utility has less than two weeks to find a substitute supplier of 80% of its fuel.

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.