News Results

  1. Trump administration to spend $8 billion on Penn Station, announces master developer
    SourceMedia Bond Buyer | 11:28 AM EDT

    The Trump administration took over the Penn Station renovation a year ago, accusing the MTA of mismanagement.

  2. Federal aid for the next natural disaster could be worse than the L.A. wildfire experience
    SourceMedia Bond Buyer | 11:07 AM EDT

    Proposed FEMA reforms could further increase financial strain for state and local governments after natural disasters.

  3. South Carolina turns to tolls and public-private partnerships
    SourceMedia Bond Buyer | 08:00 AM EDT

    Express toll lanes have evolved from a "boutique subsegment" to the fastest-growing sector in ground transportation, according to Fitch Ratings.

  4. Munis see small gains after Tuesday's selloff
    SourceMedia Bond Buyer | 05/20/26 04:30 PM EDT

    Ajay Thomas, head of public finance at FHN Financial, said the market has been "totally driven" by headlines out of the Middle East this week.

  5. Flagstar moves to full-service public finance lending platform
    SourceMedia Bond Buyer | 05/20/26 11:20 AM EDT

    Flagstar ? one of the largest regional banks, operating around 340 locations across nine states ? recently hired four senior executives.

  6. Rain, other factors delay Corpus Christi's projected water supply emergency
    SourceMedia Bond Buyer | 05/20/26 11:01 AM EDT

    The Texas city's projected Level 1 emergency ? indicating water supply is 180 days from not meeting demand ? was moved to December from September.

  7. Data center financing assumptions under scrutiny
    SourceMedia Bond Buyer | 05/20/26 08:00 AM EDT

    Rating agencies, infrastructure analysts and stakeholders are asking questions about the modeling assumptions underpinning data center financings.

  8. Leading issuers characterized by more active strategic work
    SourceMedia Bond Buyer | 05/20/26 07:10 AM EDT

    Artificial intelligence is very soon going to allow treasury departments to spend vastly less time on routine work and more on stategy, thereby lowering borrowing costs.

  9. Munis see further cuts, 30-year UST reaches highest level since 2007
    SourceMedia Bond Buyer | 05/19/26 04:33 PM EDT

    As the war in Iran drags on, fears of inflation and higher oil prices are driving up yields, according to Schwab's Cooper Howard.

  10. SEC rescinds so-called 'Gag Rule' for enforcement settlements
    SourceMedia Bond Buyer | 05/19/26 02:22 PM EDT

    The SEC's reversal "is a very significant change," said Paul Kisslinger, a partner at Barnes & Thornburg.

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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