News Results

  1. 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.

  2. Munis underperform UST rally post-FOMC
    SourceMedia Bond Buyer | 11/01/23 03:56 PM EDT

    Municipals closed out October in the red, the third consecutive month of losses for the asset class.

  3. Muni market shows strength despite tepid global economy
    SourceMedia Bond Buyer | 10/31/23 03:52 PM EDT

    The number of municipal bond delinquencies declined in the third quarter, despite some dramatic outliers that Moody's Investors Service (MCO) characterized as idiosyncratic in a report released Monday.

  4. Quiet close to a volatile October ahead of FOMC
    SourceMedia Bond Buyer | 10/31/23 03:45 PM EDT

    While the FOMC statement will likely have very few changes, the post-minutes release press conference will be the wildcard.

  5. Paltry new-issue calendar awaits amid FOMC, unsettled markets
    SourceMedia Bond Buyer | 10/27/23 03:59 PM EDT

    If Treasury rates become "more stabilized," it provides "a good reason to be somewhat constructive on munis for a while," BofA Global Research said in a report.

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.