News Results

  1. Rally ensues post-jobs data; $10B on tap led by Illinois
    SourceMedia Bond Buyer | 05/03/24 04:48 PM EDT

    A supply surge hits the market as The Bond Buyer 30-day visible bond volume ticks in at $17.67 billion, $10 billion of which will come the first full week of May, just as macroeconomic data moves all markets to rally.

  2. Oklahoma adds Barclays to list of banned muni underwriters
    SourceMedia Bond Buyer | 05/03/24 04:05 PM EDT

    The latest revision of Oklahoma's fossil fuel "boycotter" list added Barclays (JJCTF), which joins three other municipal bond underwriters placed there last year.

  3. Puerto Rico board threatens suit over PREPA revenue issue
    SourceMedia Bond Buyer | 05/03/24 02:13 PM EDT

    The Oversight Board has given the local government until Tuesday to introduce a bill to revoke or amend a law that would reduce the Puerto Rico Electric Power Authority's revenues.

  4. Oregon Zoo bond measure is the largest on state's May ballot
    SourceMedia Bond Buyer | 05/03/24 08:00 AM EDT

    The $380 million request for the zoo to voters in three Portland-area counties is the largest bond measure on the May 21 statewide primary ballot.

  5. Munis start May in a good place
    SourceMedia Bond Buyer | 05/02/24 04:01 PM EDT

    The "historical runway" heading into Memorial Day is favorable, rolling into the summer redemption months of June through August, said James Pruskowski, chief investment officer at 16Rock Asset Management.

  6. Feds tout funding, municipalities vexed by complexity
    SourceMedia Bond Buyer | 05/02/24 03:44 PM EDT

    The Build America Bureau has $100 million in grants available over the next five years for public entities doing pre-development work to structure public private partnerships for transportation and transit-oriented development projects.?

  7. Colorado bill for bond-financed hotel purchase advances
    SourceMedia Bond Buyer | 05/02/24 01:08 PM EDT

    An amended bill that would clear the way for the Colorado Educational and Cultural Facilities Authority to issue bonds for its purchase of the Stanley Hotel, which inspired Stephen King's The Shining, advanced out of a Senate committee.

  8. More work needed on top of FDTA
    SourceMedia Bond Buyer | 05/02/24 12:19 PM EDT

    Proposed rulemaking on the FDTA is expected in June, but clarity on what exactly it means for the muni market is years down the line.

  9. Hospital issuance rebounds though credit challenges hang over
    SourceMedia Bond Buyer | 05/02/24 11:30 AM EDT

    Healthcare issuance is up 122.2% year-over-year through April, rising to $9.062 billion through the first four months of 2024 from $4.078 billion over the same time period in 2023, LSEG data shows.

  10. What to watch in healthcare
    SourceMedia Bond Buyer | 05/02/24 11:20 AM EDT

    Issuance has increased, but financial performance and ratings are likely to stay volatile.

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.