News Results

  1. John Knox, 64, Orrick attorney in Stockton bankruptcy, dies
    SourceMedia Bond Buyer | 03/02/21 04:45 PM EST

    Knox was a public finance lawyer and former partner at Orrick who aided the cities of Vallejo and Stockton through bankruptcy.

  2. New York City prices retail day two while munis in holding pattern
    SourceMedia Bond Buyer | 03/02/21 04:23 PM EST

    Institutional pricing of New York City and competitive deals from Baltimore and Cambridge, Mass., should help give a sense of where yields are heading, while Ohio offers up GOs for a market that's been little changed for three days after a large sell-off.

  3. Midwest borrowers refunded bonds by any means possible in 2020
    SourceMedia Bond Buyer | 03/02/21 02:26 PM EST

    From the use of taxables to forward deliveries, refunding deals drove an overall 15.8% hike in Midwest bond volume that exceeded the national average.

  4. SEC warned against regulation of electronic muni platforms
    SourceMedia Bond Buyer | 03/02/21 11:56 AM EST

    The use of alternative trading systems is growing, accounting for 21% of all trades in 2020.

  5. Capital program restart bodes well for NYC, de Blasio says
    SourceMedia Bond Buyer | 03/02/21 11:41 AM EST

    By the end of March, more than 1,700 projects will have the go-ahead to resume, according to the mayor.

  6. Maine revenues exceed lowered expectations
    SourceMedia Bond Buyer | 03/02/21 10:06 AM EST

    Increased federal funding, Gov. Janet Mills? targeting of coronavirus relief funds and the state?s relative success in fighting the pandemic have helped.

  7. Puerto Rico tries to pave the road to sell new bonds
    SourceMedia Bond Buyer | 03/01/21 05:57 PM EST

    FAFAA head says that Puerto Rico is gaining "credibility" with investors.

  8. New month, new steeper yield curve
    SourceMedia Bond Buyer | 03/01/21 04:09 PM EST

    The sell-off in the back half of February brought negative 1.59% returns for the month and a negative 0.96% return for the year so far. Taxables and high-yields fared slightly better.

  9. University of Chicago deal keeps nonprofit corporate CUSIPs flowing
    SourceMedia Bond Buyer | 03/01/21 03:37 PM EST

    The prominent private university will add $600 million to corporate CUSIP deal numbers that recorded a more than 200% increase last year.

  10. Cooperative's bankruptcy underscores risks to Texas electric utilities
    SourceMedia Bond Buyer | 03/01/21 02:17 PM EST

    Brazos Electric Power Cooperative filed for bankruptcy saying it can't pay the electric bills foisted on it by the state's grid operator, ERCOT.

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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