News Results

  1. KBRA Assigns AAA Rating to State of Maryland General Obligation Bonds, State and Local Facilities Loan of 2026, First Series Tax-Exempt Bonds (Competitive); Affirms Rating for Parity Bonds
    Business Wire | 01:25 PM EDT

    KBRA assigns a long-term rating of AAA to the State of Maryland General Obligation Bonds, State and Local Facilities Loan of 2026, First Series Tax-Exempt Bonds and affirms the long-term rating of AAA for the State's outstanding General Obligation Bonds. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges.

  2. GFOA and SIFMA lay out federal legislation goals
    SourceMedia Bond Buyer | 12:45 PM EDT

    They are seeking legislation on transportation, water and other topics.

  3. Housing bill hitting roadblocks
    SourceMedia Bond Buyer | 12:27 PM EDT

    A major multiple-amended housing bill that is expected to expand the use of private activity bonds passes the House and bounces back to the Senate, but obstacles remain over provisions regulating institutional investors.

  4. Former Rep. Barney Frank remembered for 'profound influence' on muni market via Dodd-Frank
    SourceMedia Bond Buyer | 11:56 AM EDT

    The former Massachusetts congressman "was a true champion for the municipal bond market," GFOA's Emily Brock said.

  5. 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.

  6. 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.

  7. American Beacon Advisors to Adopt Fund Management Oversight of Three City National Rochdale Funds
    Business Wire | 08:30 AM EDT

    Transaction includes two mutual funds and one interval fund focused on fixed income and credit strategies American Beacon Advisors, Inc., an experienced provider of investment advisory services to institutional and retail markets, today announced a series of transactions pursuant to which it will assume fund management oversight responsibilities for three City National Rochdale Funds currently ...

  8. 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.

  9. 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.

  10. KBRA Assigns AA Rating to the Department of Water and Power of the City of Los Angeles, CA Power System Revenue Bonds, 2026 Series B; Outlook is Stable
    Business Wire | 05/20/26 04:09 PM EDT

    KBRA assigns a long-term rating of AA to the Department of Water and Power of the City of Los Angeles, CA Power System Revenue Bonds, 2026 Series B. The Outlook is Stable.

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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