News Results

  1. Fitch upgrade boosts Illinois ahead of GO bond sale
    SourceMedia Bond Buyer | 11/07/23 02:29 PM EST

    The upgrade brings Illinois up to the A-minus level across the board. The state had three BBB-minus or equivalent ratings as recently as July 2021.

  2. Stars aligning for California's long-envisioned water storage project
    SourceMedia Bond Buyer | 11/07/23 01:59 PM EST

    California Gov. Gavin Newsom announced that he certified the Sites Reservoir Project under the state's expedited environmental rule.

  3. NFMA takes constructive approach to municipal data standards
    SourceMedia Bond Buyer | 11/07/23 01:22 PM EST

    For those of us who study government finance, either for investment purposes or for public policy purposes, complete data sets are far more useful than partial ones that will necessitate ongoing use of legacy PDFs of those issuers that are exempt.

  4. School bonds on the ballot in Rhode Island
    SourceMedia Bond Buyer | 11/06/23 04:27 PM EST

    Seven out of nine ballot questions voters will face in Tuesday special election in Rhode Island are seeking funds for the development of local schools.

  5. Munis open the week a touch firmer ahead of larger new-issue slate
    SourceMedia Bond Buyer | 11/06/23 04:01 PM EST

    The recent rally is good news for munis, which have "posted a total-negative return loss for three straight months," said Jason Wong, vice president of municipals at AmeriVet Securities.

  6. Citi's potential muni exit has market prepared for change
    SourceMedia Bond Buyer | 11/06/23 02:43 PM EST

    While it's been a tough year across fixed-income generally, a Wall Street muni retrenchment marks an opportunity for regional and middle-market firms to gain more of a foothold, market participants said.

  7. Texas review of big banks could further shrink muni underwriter ranks
    SourceMedia Bond Buyer | 11/06/23 01:41 PM EST

    Attorney General Ken Paxton put several big banks under a review last month, raising concerns more municipal bond underwriters could be driven out of the state.

  8. School districts are struggling, analysts say
    SourceMedia Bond Buyer | 11/06/23 12:46 PM EST

    Teacher shortages and enrollment declines due to growing charter and private schools are two of the problems affecting school financing.

  9. Munis rally following UST as rate hikes appear closer to being over
    SourceMedia Bond Buyer | 11/03/23 04:38 PM EDT

    Friday's employment report was good news for the Federal Reserve, with fewer jobs created and a smaller rise in earnings, leading analysts to cautiously increase expectations that the hiking cycle is over.

  10. Developer axes New Jersey's flagship offshore wind energy project
    SourceMedia Bond Buyer | 11/03/23 03:47 PM EDT

    Two major state-backed offshore wind farm projects in New Jersey were canceled by ?rsted, which cited growing impairments and sustained marketplace pressures.

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.