News Results

  1. Syracuse mall bonds lose investment grade rating
    SourceMedia Bond Buyer | 11:31 AM EDT

    Nearly $300 million of municipal debt sold 12 years ago to expand Central New York's Destiny USA shopping mall were dropped to junk-leavel Ba2 by Moody's Investors Service.

  2. DASNY, Georgia, Pa. Turnpike deals top calendar; muni fund inflows continue
    SourceMedia Bond Buyer | 06/14/19 03:51 PM EDT

    Another big week lies in store for the municipal bond market, with a variety of big name issuers ready to sell bonds.

  3. Michigan prosecuters drop charges in Flint water probe to start anew
    SourceMedia Bond Buyer | 06/14/19 03:14 PM EDT

    Solicitor General Fadwa Hammoud and special prosecutor Kym Worthy said they will expand the investigation based on new evidence.

  4. Alabama, Louisiana get credit for increased education funding
    SourceMedia Bond Buyer | 06/14/19 02:11 PM EDT

    Alabama’s highest-ever education budget and Louisiana’s largest increase in a decade are both credit positive, Moody’s says.

  5. Express lanes drive in more revenue than expected
    SourceMedia Bond Buyer | 06/14/19 02:07 PM EDT

    A strong economy has resulted in more success for tolled managed lanes than many skeptics anticipated.

  6. Online bets drive New Jersey's sports gambling tax revenue growth
    SourceMedia Bond Buyer | 06/14/19 01:09 PM EDT

    Online wagers dominate in-person bets to drive New Jersey's still-modest but rising take from sports betting.

  7. Puerto Rico Industrial Development Co. debt deal pays 94%
    SourceMedia Bond Buyer | 06/14/19 11:31 AM EDT

    The PRIDCO deal would be the fifth restructuring proposed or consummated under the Puerto Rico Oversight, Management, and Economic Stability Act of 2016.

  8. Trump slams Fed's Powell saying ‘I disagree with him entirely’
    SourceMedia Bond Buyer | 06/14/19 10:11 AM EDT

    President Trump sharply criticized Jerome Powell in an interview aired Friday, blaming the Federal Reserve chairman for raising interest rates.

  9. City of Palm Bay, Florida
    SourceMedia Bond Buyer | 06/14/19 12:11 AM EDT

    City of Palm Bay, Florida's Notice of Sale

  10. Congressional Democrats urge Puerto Rico lawmakers to reject PREPA debt deal
    SourceMedia Bond Buyer | 06/13/19 08:51 PM EDT

    The agreement “would increase prices by up to 21%” and it’s “highly unlikely PREPA will be able to completely offset the legacy debt charges,” resulting in “considerably higher electricity rates for decades to come,” said the letter signed by four senators and 32 House members.

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.

fir_news_results