News Results

  1. David Dinkins, New York?s first Black mayor, dies at 93
    SourceMedia Bond Buyer | 12:16 PM EST

    He was remembered for an even-handed persona amid a tumultuous term from 1990 to 1993.

  2. Pennsylvania use of coronavirus relief to backfill budget raises stir
    SourceMedia Bond Buyer | 11:55 AM EST

    Lawmakers choose a scoop-and-toss move despite calls for better targeting of the federal funds.

  3. Indicators show consumers' expect conditions to worsen in the next six months
    SourceMedia Bond Buyer | 10:52 AM EST

    The consumer confidence index suggested expectations have slipped, and the Richmond Fed's services survey also offered a dim view ahead.

  4. Chicago area transit agency budgets bank on more federal help in 2021
    SourceMedia Bond Buyer | 08:00 AM EST

    Without more federal relief, the Illinois Regional Transportation Authority's service boards warn of devastating service cuts, layoffs and fare hikes.

  5. Munis flat as market preps for sales; coronavirus news weakens Treasuries
    SourceMedia Bond Buyer | 11/23/20 03:34 PM EST

    Municipals held firm ahead of this week's new issue slate, which features deals from issuers in New York and Texas. Treasuries weakened as stocks rose on positive coronavirus news.

  6. New Jersey's $1.5B transportation bond deal should be well-received, analysts say
    SourceMedia Bond Buyer | 11/23/20 03:10 PM EST

    Selling in a week with an expected light calendar should help the deal as will market fundamentals.

  7. MSRB shuffles its senior leadership
    SourceMedia Bond Buyer | 11/23/20 02:20 PM EST

    The Municipal Securities Rulemaking Board consolidated a few positions, eliminating its chief compliance officer role and promoting its CFO.

  8. Former NFMA chair will head muni research team at Franklin Templeton
    SourceMedia Bond Buyer | 11/23/20 01:49 PM EST

    Jennifer Johnston will replace Tom Walsh, who is retiring on Dec. 1.

  9. De Blasio warns of $4B gap for next fiscal year
    SourceMedia Bond Buyer | 11/23/20 12:41 PM EST

    New York's mayor says the budget for the 2021 fiscal year is balanced despite the coronavirus impacts.

  10. Retired bond lawyer Joseph P. Rogers, 84, dies
    SourceMedia Bond Buyer | 11/23/20 11:41 AM EST

    Joseph P. Rogers, Jr. ?Buck", 84, a U.S. Navy veteran, retired bond lawyer at Hawkins, Delafield & Wood LLP, and innovator in the public finance industry, died on Oct. 23 of a recurrence of Lymphoma.Born in Syracuse, New York in 1936 to Joseph P. Sr. and Helen Rogers, he moved to Middlebury, Vermont in 2007.

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.