News Results

  1. Senate Banking Committee to consider controversial Fed board pick
    SourceMedia Bond Buyer | 07/10/20 04:44 PM EDT

    The panel later this month will vote on the nomination of Judy Shelton, whose views on certain policy issues have met with skepticism from both Democrats and Republicans.

  2. The endless summer of taxable sales: Municipal bond market faces chunky slate
    SourceMedia Bond Buyer | 07/10/20 04:28 PM EDT

    Supply-hungry buyers look forward to all of the week's new bond issues.

  3. Power utilities still plan capital improvements
    SourceMedia Bond Buyer | 07/10/20 04:11 PM EDT

    Financial challenges posed by the COVID-19 pandemic have not slowed long-term capital initiatives at public power firms.

  4. The municipal market calm before the storm
    SourceMedia Bond Buyer | 07/10/20 03:46 PM EDT

    Most significantly, sectors of the municipal market that were stressed prior to the pandemic due to underlying long-term trends will face significant challenges.

  5. San Diego County Water Authority priced into a market eager for California paper
    SourceMedia Bond Buyer | 07/10/20 02:37 PM EDT

    The authority realized $67 million in savings on its refunding.

  6. If coronavirus kills some casinos, Atlantic City's grief will soar
    SourceMedia Bond Buyer | 07/10/20 01:54 PM EDT

    Junk-rated city's shaky financial conditions before the COVID-19 pandemic is worsened by casino industry woes.

  7. Failure to provide additional federal aid would have dire impact
    SourceMedia Bond Buyer | 07/10/20 10:32 AM EDT

    State and local government layoffs already have been triple the amount of job losses that occurred during the Great Recession.

  8. Univ. of Calif., D.C. deals finish off week’s slate; Muni CUSIP requests rise once again
    SourceMedia Bond Buyer | 07/09/20 03:42 PM EDT

    Long-dated municipals end strong as new supply hits the screens while taxable issuance continues its run to near-record levels.

  9. Hilltop expands in three states, says more growth to come this year
    SourceMedia Bond Buyer | 07/09/20 03:01 PM EDT

    Hilltop Securities plans to expand public finance and wealth management services despite global uncertainty, chief executive Brad Winges says.

  10. Could shifting non-violent police calls result in a reimagining of city budgets?
    SourceMedia Bond Buyer | 07/09/20 01:18 PM EDT

    Several California cities are cutting police budgets, and shifting non-violent 911 calls to mental health workers.

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.