News Results

  1. Supreme Court EPA ruling unlikely to impair utilities' credit
    SourceMedia Bond Buyer | 09:41 AM EDT

    The Supreme Court?s ruling stripped the EPA of its ability to regulate greenhouse gas emissions, but analysts say utilities are unlikely to feel immediate credit impacts; in some cases, it may ease credit pressures.

  2. Fed regional banks seek new presidents amid calls for reform
    SourceMedia Bond Buyer | 07/03/22 04:12 PM EDT

    The Federal Reserve System is facing increasing demands from the Senate to revamp the process for granting master accounts, disclose more information to the public and pick more diverse leaders. That pressure makes executive searches at the Kansas City and Chicago Fed banks more complicated.

  3. Climate change, hurricanes, and their toll on municipal credit
    SourceMedia Bond Buyer | 07/01/22 04:44 PM EDT

    Changing federal policies toward hurricane aid may change these events' credit impacts.

  4. New York cannabis investment fund focuses on equity
    SourceMedia Bond Buyer | 07/01/22 04:24 PM EDT

    Siebert's Suzanne Shank and Bill Thompson have joined with NBA veteran player Chris Webber in a new program launched by New York State to fund the growth of the cannabis industry that eliminates barriers for equitable participation.

  5. Munis, USTs strengthen to start the second half of 2022
    SourceMedia Bond Buyer | 07/01/22 03:49 PM EDT

    With the Fourth of July holiday shortening the week, investors will see a paltry $2.861 billion of new issues to kick off the second half of 2022.

  6. Puerto Rico Oversight Board imposes FY23 budget
    SourceMedia Bond Buyer | 07/01/22 03:05 PM EDT

    A board member and Gov. Pedro Pierluisi expressed disappointment about the inability of the board and the government to come to a consensus budget.

  7. Denver Airport sets $1.5 billion bond sale for capital plan
    SourceMedia Bond Buyer | 07/01/22 01:08 PM EDT

    Denver International Airport returns to the municipal market boosted by a rating upgrade as it recovers from passenger and revenue losses in the pandemic.

  8. Reich moves from city of Dallas to DART
    SourceMedia Bond Buyer | 07/01/22 01:02 PM EDT

    The CFO will be joining Dallas Area Rapid Transit starting July 18.

  9. WAPA approves budget it says stops cash loss
    SourceMedia Bond Buyer | 07/01/22 11:41 AM EDT

    The board also approved a rollover of bond anticipation notes because it doesn't have access to the bond market.

  10. Mesirow grows its municipal presence; names first woman CEO
    SourceMedia Bond Buyer | 07/01/22 09:30 AM EDT

    Elizabeth Funk is the new managing director of institutional sales and trading in the municipal underwriting group amid a wave of recent new additions. Natalie A. Brown has taken over as CEO.

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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