News Results

  1. Banks hint at legal action over FDTA's move to replace CUSIP identifier
    SourceMedia Bond Buyer | 09/12/24 03:55 PM EDT

    The agencies are overstepping their statutory authority in trying to force the market to adopt a new securities identifier, says the American Bankers Association.

  2. Three months on, T+1 shows signs of success
    SourceMedia Bond Buyer | 09/12/24 02:03 PM EDT

    A report by the Securities Industry and Financial Markets Association shows that the move to a T+1 settlement cycle has struck the right balance between increasing efficiencies and mitigating risk.

  3. Clean Power Alliance Issues Third Pre-Pay Green Bond Further Lowering Renewable Energy Costs
    GlobeNewswire | 09/12/24 11:00 AM EDT

    Clean Power Alliance, California?s largest Community Choice Aggregator serving more than three million residents and businesses throughout Los Angeles and Ventura counties, has issued its third municipal non-recourse Clean Energy Project Revenue Bond through the California Community Choice Financing Authority.

  4. David Thompson
    SourceMedia Bond Buyer | 09/12/24 08:29 AM EDT

    Thompson is known for mentoring his employees and his fair treatment of clients.

  5. MTA will have more capital needs than funds, state comptroller says
    SourceMedia Bond Buyer | 09/12/24 05:01 AM EDT

    The New York region's beleaguered transportation agency could need up to $92 billion for its next capital plan, said State Comptroller Thomas DiNapoli.?

  6. Muni buyers focus on primary while inflation data tempers rate cut size
    SourceMedia Bond Buyer | 09/11/24 04:02 PM EDT

    The August consumer price index showed inflation remains above the Federal Reserve's target level and makes a 50-basis-point?rate cut next week?unlikely, economists said. Further, many expect the market will be disappointed going forward, as future cuts will likely be shallower than expected.

  7. Chattanooga, Tennessee, downgraded to AA-plus by Fitch
    SourceMedia Bond Buyer | 09/11/24 03:19 PM EDT

    Fitch cited economic and demographic factors in explaining the downgrade.

  8. Harris, Trump clash in debate that largely ignores muni-market concerns
    SourceMedia Bond Buyer | 09/11/24 02:24 PM EDT

    The candidates touched on muni-adjacent issues like energy policy, housing and tariffs but offered little new information on infrastructure proposals or tax policies.

  9. ESG proxy advisors taken to task in House hearing
    SourceMedia Bond Buyer | 09/11/24 11:21 AM EDT

    The House Financial Services Committee held a hearing Tuesday examining the practices of proxy advisors and their relationship with ESG investing.

  10. Mega deals, pre-election push shift Street's 2024 issuance forecasts
    SourceMedia Bond Buyer | 09/11/24 10:36 AM EDT

    Issuance as of Wednesday is at $345.327 billion, a 32.7% increase over 2023. The Bond Buyer 30-day visible calendar on Monday was at $20.02 billion, the largest in nearly four years.

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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