News Results

  1. Utah bond deal set to fund initial phase of development on state land
    SourceMedia Bond Buyer | 06/24/25 08:00 AM EDT

    The $247.75 million of unrated tax-exempt bonds will finance public infrastructure and projects for an initial development on state-owned land.

  2. Escalating Middle East tensions have little impact on munis
    SourceMedia Bond Buyer | 06/23/25 04:02 PM EDT

    So far, the financial market reaction has been limited, said Paul Christopher, head of global investment strategy at Wells Fargo Investment Institute.

  3. Rep. Stefanik asks SEC to investigate Harvard bond sale for disclosure lapse
    SourceMedia Bond Buyer | 06/23/25 02:13 PM EDT

    "The market itself should want to look at this because no one wants to give the perception of impropriety," said an investor of Stefanik's allegation that Harvard withheld material information regarding its ongoing conflict with the Trump administration.

  4. States score a win in funds stoppage
    SourceMedia Bond Buyer | 06/23/25 01:40 PM EDT

    A federal judge has issued a temporary injunction against the U.S. Department of Transportation's attempt to withhold federal funds from states judged to be in noncompliance with the Trump administration's immigration policies.

  5. Investortools integrates Spline Data pricing tool
    SourceMedia Bond Buyer | 06/23/25 09:00 AM EDT

    The deal could hasten buy-side adoption of the tech, said Spline's CEO

  6. MBTA preps billion-dollar deal as it deals with budget woes
    SourceMedia Bond Buyer | 06/23/25 08:00 AM EDT

    The bonds will help fund the agency's capital improvement plan.

  7. Archdiocese of New Orleans denies accusation of securities fraud
    SourceMedia Bond Buyer | 06/20/25 04:28 PM EDT

    The archdiocese allegedly backed away from repeated promises bond parties would be paid in full, they said.

  8. Munis steady as new-issue calendar rises to $9.7B
    SourceMedia Bond Buyer | 06/20/25 04:01 PM EDT

    With one full week of June left and the end of the second quarter approaching, the week was "a sort of Groundhog Day for municipal yields," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.

  9. Former Texas lawmaker tapped to fill in as state comptroller
    SourceMedia Bond Buyer | 06/20/25 02:27 PM EDT

    Kelly Hancock resigned his state senate seat and assumed a position that will make him acting comptroller after current Comptroller Glenn Hegar leaves office.

  10. IRS and Rhode Island University settle up
    SourceMedia Bond Buyer | 06/20/25 01:00 PM EDT

    The Internal Revenue Service and the University of Rhode Island appear to have settled an inquiry by the agency regarding the tax status of higher education facility revenue bonds issued in 2018.

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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