News Results

  1. Pressures prompt SCE&G to withdraw nuclear abandonment petition
    SourceMedia Bond Buyer | 08/16/17 07:08 PM EDT

    The investor-owned utility said South Carolina officials will review the canceled project.

  2. Virgin Islands calls deep downgrades unfair
    SourceMedia Bond Buyer | 08/16/17 07:08 PM EDT

    The U.S. Virgin Islands said downgrades of its debt by two rating agencies this week were based on Puerto Rico’s recent history of defaults.

  3. Munis end mixed as AAA Md. sells $1.3B of general obligation bonds
    SourceMedia Bond Buyer | 08/16/17 07:08 PM EDT

    Municipal bonds ended mixed on Wednesday, according to traders, as the gilt-edged state of Maryland came to market with competitive sales won by Bank of America Merrill Lynch and Citigroup.

  4. Virgin Islands downgraded
    SourceMedia Bond Buyer | 08/16/17 07:08 PM EDT

    Fitch Ratings said it has downgraded the ratings of the United States Virgin Islands and the USVI Public Finance Authority.

  5. NYC’s economy continues to show steady growth
    SourceMedia Bond Buyer | 08/16/17 07:08 PM EDT

    New York City’s economy grew 3.3% in the second quarter – more than double the 1.5% growth rate seen in the same period last year, according to an analysis released on Wednesday by City Comptroller Scott Stringer.

  6. Munis mixed as AAA Maryland sells $1.3B of general obligations
    SourceMedia Bond Buyer | 08/16/17 07:08 PM EDT

    Municipal bonds were weaker at midday, according to traders, as the gilt-edged state of Maryland came to market with two competitive sales won by BAML and Citi.

  7. Issuers: Don’t let the rating agencies tell your story – tell It yourself
    SourceMedia Bond Buyer | 08/16/17 07:08 PM EDT

    The channels to communicate with investors – things like investor websites - make it easy and cost effective even for small bond issuers to do so effectively.

  8. N.Y. Fed: Service sector improves in August
    SourceMedia Bond Buyer | 08/16/17 07:08 PM EDT

    The New York region's service sector activity "picked up," according to the Federal Reserve Bank of New York's August Business Leaders Survey, released Tuesday.

  9. Muni market set for top-rated Maryland GOs
    SourceMedia Bond Buyer | 08/16/17 07:08 PM EDT

    Municipal bond traders are set to see the state of Maryland come to market with two top-quality competitive sales on Wednesday.

  10. Shank honored at BET’s Black Girls Rock! 2017 award show
    SourceMedia Bond Buyer | 08/16/17 07:08 PM EDT

    Suzanne Shank, co-founder of Siebert Cisneros Shank & Co., was honored at the Black Girls Rock! 2017 award show, the BET television network’s annual celebration of top African-American women in the fields of finance, entertainment and politics.

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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