News Results

  1. Michigan officials unite behind revenue sharing trust fund idea
    SourceMedia Bond Buyer | 12/05/24 08:32 AM EST

    Legislation for a local government revenue sharing trust fund in Michigan has stalled in the state Senate. On Tuesday, supportive officials gathered in Lansing.

  2. Florida issuer bringing speculative-grade college housing bonds
    SourceMedia Bond Buyer | 12/05/24 08:00 AM EST

    Nonprofit Provident Resources Group is buying a five-year old student housing building that serves the University of Central Florida and Valencia College.

  3. Market technicals supportive; Powell comments affirm December rate cut
    SourceMedia Bond Buyer | 12/04/24 04:10 PM EST

    Technicals could "break down" if there is a potential decline in risk assets or rising unemployment, particularly in white-collar jobs, said Jeff Timlin, a managing partner at Sage Advisory.

  4. Powell dismisses notion of 'shadow' Fed chair
    SourceMedia Bond Buyer | 12/04/24 03:08 PM EST

    The Federal Reserve chair is not concerned about President-elect Trump nominating his successor well in advance of the end of his term in 2026, saying he is "confident" he will have a productive relationship with the next Treasury Secretary.

  5. Budget battle will key on bond market
    SourceMedia Bond Buyer | 12/04/24 11:55 AM EST

    Economists gaming out the possibilities for tax policy in the Trump administration believe the bond market will dictate budget cuts and spending increases.

  6. Chicago preps deal amid heated budget debate
    SourceMedia Bond Buyer | 12/04/24 10:54 AM EST

    Chicago plans to bring to market $806 million of bonds on Thursday, a refinancing deal that will help close its fiscal 2024 budget gap.

  7. Brightline West eyes $3.5 billion financing to kick off high-speed train
    SourceMedia Bond Buyer | 12/04/24 10:25 AM EST

    The company hopes to come to market after completing negotiations on $6 billion of senior bank financing.

  8. Midwest school bond measures lag national passage rate
    SourceMedia Bond Buyer | 12/04/24 07:58 AM EST

    Some Midwest states, notably Michigan and Ohio, dipped well below a national average that saw roughly two of every three school bond measures approved in November.

  9. Brightline wins Deal of the Year award
    SourceMedia Bond Buyer | 12/03/24 09:37 PM EST

    As the largest private-activity bond issuance and first investment-grade debt for American high-speed rail, this transaction, which also won Deal of the Year in the Innovative Financing category, opens new avenues for large-scale infrastructure projects in a traditionally underserved financing sector.

  10. Munis improve amid heavy new-issue slate
    SourceMedia Bond Buyer | 12/03/24 03:20 PM EST

    Muni investors hope "any move toward higher yields is steady, even dignified, such that it doesn't catalyze an outflow cycle that would countervail year-to-date total returns just before we close out the year," said Vikram Rai, head of municipal strategy at Wells Fargo.

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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