News Results

  1. PREPA judge approves one-week delay for restructuring proposal
    SourceMedia Bond Buyer | 05:05 PM EST

    The mediation team asked the Oversight Board to submit delayed data and analyses by end of business on Friday.

  2. Munis rally to kick off December
    SourceMedia Bond Buyer | 04:00 PM EST

    Munis saw the best performance in November in decades, with the asset class ending in the positive by 4.68%. The MSRB reported that trading volume reached another record in November, with 1.29 million municipal trades.

  3. With House in flux, public finance advocates stay the course
    SourceMedia Bond Buyer | 03:31 PM EST

    Incoming House Democratic caucus chair Pete Aguilar was a California mayor and served on the League of California Cities, bringing the kind of local experience that's considered helpful to muni market interests.

  4. Bye, Bye BlackRock: Florida divesting $2B of assets due to firm's ESG stance
    SourceMedia Bond Buyer | 03:23 PM EST

    "I think it's undemocratic of major asset managers to use their power to influence societal outcomes," said Florida CFO Jimmy Patronis.

  5. Dealer groups welcome Rule 15c2-11 implementation delay
    SourceMedia Bond Buyer | 03:19 PM EST

    The Securities and Exchange Commission's 2020 amendments to rule 15c2-11 on the publication of quotes by broker dealers won't be enforced until 2025.

  6. MSRB seeks comment on proposal to loosen advisor testing standards
    SourceMedia Bond Buyer | 12:16 PM EST

    The proposed amendment to Rule G-3 is designed to promote diversity and inclusion in the muni market.

  7. LUMA contract gets temporary extension to distribute Puerto Rico electricity
    SourceMedia Bond Buyer | 11/30/22 06:57 PM EST

    The current contract with the operator of the Puerto Rico Electric Power Authority's transmission and distribution system has been temporarily extended until a debt deal gets done.

  8. Munis improve along with UST on heels of Fed chair's speech
    SourceMedia Bond Buyer | 11/30/22 04:10 PM EST

    Powell said smaller interest rate increases are likely ahead ? and could start as early as next month.

  9. Prepaid gas deals are rebounding, led by issuers in the Southeast
    SourceMedia Bond Buyer | 11/30/22 03:15 PM EST

    An increase in the volume of tax-exempt bond deals for long-term, fixed-priced natural gas contracts may signal a turnaround in the prepaid energy market.

  10. WAPA brings in diesel after propane cutoff
    SourceMedia Bond Buyer | 11/30/22 02:59 PM EST

    The authority said it expects production problems and higher costs in the near future.

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.