News Results

  1. Judge allows Puerto Rico board's suit against governor to continue
    SourceMedia Bond Buyer | 08/23/19 03:36 PM EDT

    Judge Laura Taylor Swain sided with the Oversight Board as it sues the local government to comply with its fiscal plans.

  2. Los Angeles County drafting policy to encourage diversity on bond teams
    SourceMedia Bond Buyer | 08/23/19 03:36 PM EDT

    County supervisors gave the treasurer and tax collector 180 days to come back with recommendations for a public finance diversity and inclusion initiative.

  3. The bonds of summer: Last week of August to see $6.2B of municipal deals
    SourceMedia Bond Buyer | 08/23/19 03:36 PM EDT

    The last full trading week ahead of the Labor Day holiday will see a variety of credits come to market.

  4. Why probe of IFS's 'rogue trader' may widen to the firm's culpability
    SourceMedia Bond Buyer | 08/23/19 03:16 PM EDT

    “Reporting unauthorized transactions is certainly a good first step in building cooperation,” said one lawyer. “But there could be a lot more to it.”

  5. FINRA notice highlights confusion
    SourceMedia Bond Buyer | 08/23/19 02:36 PM EDT

    Late last week FINRA sent out a notice reminding its members to register as MAs if they engage in investment-related activity with their clients.

  6. Powell's only vow remains to 'act as appropriate'
    SourceMedia Bond Buyer | 08/23/19 12:15 PM EDT

    Federal Reserve Board Chairman Jerome Powell again pledged the central bank “will act as appropriate to sustain the expansion,” despite “no recent precedents to guide” policy decisions.

  7. Maine governor makes final bond measure push as deadline looms
    SourceMedia Bond Buyer | 08/23/19 12:15 PM EDT

    Janet Mills offered a slimmed-down compromise bond package in an effort to get borrowing proposals on the November ballot.

  8. Refundings to kick off Massachusetts deal flurry
    SourceMedia Bond Buyer | 08/23/19 10:15 AM EDT

    The commonwealth intends to refund $630 million in taxable and tax-exempt bonds next week, and issue $600 million tax-exempt new-money on Sept. 5.

  9. Fire-ravaged California town's pension bonds snag an upgrade
    SourceMedia Bond Buyer | 08/22/19 03:35 PM EDT

    The bonds sold for Paradise, the town nearly leveled by a 2018 fire, remain at speculative grade.

  10. Houston returns to the municipal market; Long Beach sells $450M of GOs
    SourceMedia Bond Buyer | 08/22/19 03:35 PM EDT

    Houston issued bonds in the negotiated sector, while Long Beach competitively sold two issues.

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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