News Results

  1. Biden's proposed fiduciary rule would spare riskless transactions
    SourceMedia Bond Buyer | 11/20/23 11:06 AM EST

    The retirement proposal also attempts to clarify the definition of riskless transactions, which are common in the muni market.

  2. 'Full steam ahead' as Port Authority proposes higher capital spending
    SourceMedia Bond Buyer | 11/20/23 08:57 AM EST

    The Port Authority's proposed 2024 budget of $9.3 billion includes capital spending of $3.6 billion, above levels set pre-pandemic for the first time.

  3. A bullish view on munis sets in
    SourceMedia Bond Buyer | 11/17/23 03:54 PM EST

    BofA Global Research strategists said they believe peak muni yields in this Fed tightening cycle were attained in October 2023 and "the bull market for munis is underway."?

  4. Stanford research fellow dives into muni data with interactive dashboard
    SourceMedia Bond Buyer | 11/17/23 03:38 PM EST

    The municipal dashboard solves three challenges: bond linkage, pricing and spread aggregation.

  5. Using technology to parse through disparate datasets
    SourceMedia Bond Buyer | 11/17/23 03:21 PM EST

    The process of turning the data into a usable form takes time and can be compounded by the difficulty of extracting what data there is and the format used by issuers in documents, like official statements, disclosures and other financials.

  6. Moody's cites transit's tepid post-pandemic recovery for negative outlook
    SourceMedia Bond Buyer | 11/17/23 03:08 PM EST

    The Bay Area Rapid Transit was highlighted in the report on agencies still struggling.

  7. Build America Bureau sports 'huge pipeline' of transportation projects
    SourceMedia Bond Buyer | 11/17/23 12:21 PM EST

    The projects range from airports to ports and transit-oriented development.

  8. NYC November budget update shows migrant costs to hit $12B in FY '23-25
    SourceMedia Bond Buyer | 11/17/23 11:03 AM EST

    Without a lot of additional state and federal aid, New York City is forecasting it will spend about $12 billion in costs related to the influx of migrants to the city in fiscal years 2023, 2024 and 2025.

  9. Former Chicago CFO Jennie Bennett lands at University of Chicago
    SourceMedia Bond Buyer | 11/17/23 10:09 AM EST

    Bennett joins the university as associate vice president of finance under CFO Ivan Samstein, former Cook County CFO.

  10. New York touts rollout of artificial intelligence for city services
    SourceMedia Bond Buyer | 11/17/23 09:58 AM EST

    Mayor Eric Adams says the city has a safe and effective way to use artificial intelligence throughout municipal government while protecting against the risks.

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.

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