News Results

  1. California fire damage doesn't extend to credit quality
    SourceMedia Bond Buyer | 07:03 PM EST

    S&P Global Ratings does not see an immediate credit impact for local governments and agencies impacted by the Southern California fires.

  2. Treasury sells 30-year bonds at 2.804% yield
    SourceMedia Bond Buyer | 07:03 PM EST

    The Treasury Department on Tuesday auctioned $12 billion of re-opened 30-year bonds with a 2 3/4% coupon at a 2.804% high yield, a price of 98.908728.

  3. Weak financials, recruiting probe trigger University of Louisville downgrade
    SourceMedia Bond Buyer | 07:03 PM EST

    The state-supported Kentucky university’s bond rating was downgraded to A-plus by S&P Global Ratings.

  4. Treasury sells $45B of 4-week bills
    SourceMedia Bond Buyer | 07:03 PM EST

    The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 1.240% high yield, a price of 99.903556.

  5. As SLGS window closes, tax reform continues to threaten public finance
    SourceMedia Bond Buyer | 07:03 PM EST

    It continues to be up to issuers and other beneficiaries of municipal bonds to raise awareness of the negative effect of the proposed tax reform legislation -- but time is running out.

  6. Revenue uncertainty surrounds N.Y. MTA budget debate
    SourceMedia Bond Buyer | 07:03 PM EST

    Variables range from the effect of the federal tax bill on advance bond refundings to external support for a subway improvement plan.

  7. Illinois conduit's slate is full amid tax reform threats
    SourceMedia Bond Buyer | 07:02 PM EST

    The rush to beat tax legislation at the Illinois Finance Authority makes for its busiest December ever.

  8. Municipal yields surge as Connecticut, University of Calif. bond deals sell
    SourceMedia Bond Buyer | 12/11/17 07:10 PM EST

    Top-rated municipal bonds weakened as much as 8 basis points on Monday as the first of the week’s big offerings hit the screens, led by Connecticut’s competitive sales and the University of California’s negotiated deal.

  9. Chicago schools chief's resignation shouldn't sting district's finances
    SourceMedia Bond Buyer | 12/11/17 07:10 PM EST

    Chief Executive Officer Forrest Claypool will step down at the after being accused of lying and engaging in a cover-up of an ethics probe of a top aide.

  10. SEC approves change to 529, ABLE reporting
    SourceMedia Bond Buyer | 12/11/17 07:10 PM EST

    The SEC has approved a change to increase the level of information the MSRB collects about certain muni fund securities.

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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