News Results

  1. Private jet operator Million Air preps high-yield borrowing
    SourceMedia Bond Buyer | 07:55 AM EST

    The borrower is planning to use a convertible taxable "Cinderella" structure in the wake of a delay in securing tax exemption for a chunk of the deal.

  2. Retirement centers resolve bond default
    SourceMedia Bond Buyer | 11/11/24 02:11 PM EST

    The borrowers had failed to make principal payment on November 1 due date, but have since remitted the funds.

  3. SEC is taking note of new-issue pricing
    SourceMedia Bond Buyer | 11/11/24 02:03 PM EST

    The focus: municipal advisors ? part of your regulatory responsibilities and duties (if you don't agree to evaluate pricing and/or structure, you must expressly disclose it to the client) and broker-dealers (fair dealing).?

  4. Cut in IRS funding may limit bond audits
    SourceMedia Bond Buyer | 11/11/24 12:56 PM EST

    Budget battles in the new administration will lean toward further cuts to the IRS budget.

  5. Money market fund AUM grows as short yields remain enticing
    SourceMedia Bond Buyer | 11/11/24 12:37 PM EST

    Tax-exempt money market funds reached a 2024 high of assets under management at $136.84 billion for the week ending Wednesday, according to the Investment Company Institute.

  6. Municipals rally to recoup post-election losses
    SourceMedia Bond Buyer | 11/08/24 04:38 PM EST

    "A sharply lower new-issuance calendar, peak yields, large redemption money and mutual funds inflows are all positive performance factors for the market," BofA strategists said.

  7. Voters approve Columbus-area transit tax that will back bonds
    SourceMedia Bond Buyer | 11/08/24 11:42 AM EST

    The Central Ohio Transit Authority's half-cent sales tax increase will back up to $500 million of revenue bonds.

  8. California voters say 'yes' to more than $40 billion of local school bonds
    SourceMedia Bond Buyer | 11/08/24 08:00 AM EST

    Voters approved at least 168 local school bond measures for $42.8 billion, according to preliminary tallies, but dozens of bond requests will fall short.

  9. Mixed results for Southeast bond referendums, Puerto Rico gets new governor
    SourceMedia Bond Buyer | 11/07/24 05:17 PM EST

    Nashville, Tennessee, voters approved a $2 billion bond measure, while Lancaster County, South Carolina, and Cary, North Carolina, opposed the bond referendums.

  10. Munis, USTs pare back losses post-Fed cut; Mutual funds see 19th week of inflows
    SourceMedia Bond Buyer | 11/07/24 04:37 PM EST

    Despite the post-election selloff, inflows continued?this week as LSEG Lipper reported investors added $1.263 billion to municipal bond mutual funds for the week ending Wednesday, compared to $658.5 million of inflows the prior week. High-yield inflows returned.

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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