News Results

  1. Consumer sentiment drops in face of coronavirus challenges
    SourceMedia Bond Buyer | 03/27/20 06:58 PM EDT

    Consumer sentiment fell in March, with the final reading 89.1, its lowest since October 2016, down from 95.9 in the preliminary read.

  2. Judge orders delay in Puerto Rico bankruptcy
    SourceMedia Bond Buyer | 03/27/20 05:07 PM EDT

    The Oversight Board has asked for delays concerning non-central government bonds.

  3. Munis finish huge-rally week with another day of firmness
    SourceMedia Bond Buyer | 03/27/20 04:33 PM EDT

    The municipal bond market is poised to begin digesting larger primary issuance in the coming week after a massive rally in recent days.

  4. Washington University was rewarded for braving a turbulent market
    SourceMedia Bond Buyer | 03/27/20 04:24 PM EDT

    Supply-starved investors flocked to the St. Louis-based private university's taxable deal, which was upsized to $450 million from $300 million.

  5. Ohio offering $900 million borrowing lifeline for hospitals
    SourceMedia Bond Buyer | 03/27/20 03:31 PM EDT

    The state treasurer’s office began purchasing eligible VRDOs from participating Ohio health care systems and other critically important institutions.

  6. Public finance groups look for fourth round of federal aid
    SourceMedia Bond Buyer | 03/27/20 02:59 PM EDT

    Speaker Nancy Pelosi, D-Calif., said the next package will make up for shortcomings that haven’t been addressed such as the insufficient aid to state and local governments.

  7. Dealers face compliance challenges in coronavirus-impacted market
    SourceMedia Bond Buyer | 03/27/20 11:20 AM EDT

    Demonstrating compliance with pricing and supervision rules has been challenging in the COVID-19-influenced market.

  8. Rhode Island looks to close on $300 million emergency loan
    SourceMedia Bond Buyer | 03/27/20 10:26 AM EDT

    An obscure board authorized in 1973 and categorized as "military affairs and defense" approved Gov. Gina Raimondo's request despite questions about constitutionality.

  9. Federal Reserve hires Kent Hiteshew
    SourceMedia Bond Buyer | 03/27/20 08:57 AM EDT

    The longtime muni banker and former Treasury official adds serious muscle to the Fed's municipal securities expertise.

  10. Bond-financed hotels take a hit as COVID-19 wipes out conventions
    SourceMedia Bond Buyer | 03/26/20 06:57 PM EDT

    Ratings for convention center financings and for hotels build to support the venues are under pressure.

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.