News Results

  1. Boston and Dallas Fed chiefs at center of trading scandal to resign
    SourceMedia Bond Buyer | 09/27/21 05:23 PM EDT

    Federal Reserve Bank of Dallas President Robert Kaplan cited his desire ?to eliminate any distractions? at the central bank just hours after his Boston Fed counterpart, Eric Rosengren, said he will leave earlier than planned because of a health issue. They had engaged in stock transactions that drew criticism in light of their knowledge about the Fed's pandemic response.

  2. Quarter end weakness remains as municipals prepare for $11B of supply
    SourceMedia Bond Buyer | 09/27/21 04:12 PM EDT

    The high-grade muni scales saw cuts of up to four basis points in a continued selloff Monday as the market faces a robust slate of new issues.

  3. Puerto Rico board announces concessions but Senate president wants more
    SourceMedia Bond Buyer | 09/27/21 04:07 PM EDT

    The move could push the Plan of Adjustment, and debt restructuring, closer to the finish line, although the Senate president listed eight more concessions he wants.

  4. Jefferies makes move in Illinois, hiring former deputy governor Hynes
    SourceMedia Bond Buyer | 09/27/21 01:35 PM EDT

    Dan Hynes, who was a deputy governor in J.B. Pritzker's administration, will work in public finance and corporate investment banking at Jefferies.

  5. Texas power grid weighs on Lower Colorado River Authority bonds
    SourceMedia Bond Buyer | 09/27/21 01:34 PM EDT

    The rising risks of climate change are more apparent as Texas' largest wholesale public power provider comes to market with $248 million of revenue bonds.

  6. Municipal firms seek equity, inclusion disclosures from bond issuers
    SourceMedia Bond Buyer | 09/27/21 01:16 PM EDT

    Goldman Sachs Asset Management, BlackRock (BLK), Lord Abbett, Morgan Stanley Investment Management and Vanguard have partnered with Loop Capital and Siebert Williams Shank to send a survey to issuers on racial equity and inclusion.

  7. Infrastructure, debt limit and budget on Congress' agenda for the week
    SourceMedia Bond Buyer | 09/27/21 12:35 PM EDT

    Congress this week will take up bills closely watched by the muni market, including infrastructure, budget and debt ceiling measures.

  8. New Jersey fiscal red flags lurk, critics say
    SourceMedia Bond Buyer | 09/27/21 10:51 AM EDT

    Bond ratings and other positive news of late could merely paper over warning signs of another fiscal cliff.

  9. Muni 10-year back to 1% as selling pressure picks up
    SourceMedia Bond Buyer | 09/24/21 04:26 PM EDT

    Month-to-date returns for municipals are in the red with the Bloomberg Fixed Income Indices municipal index returning -0.12%, high-yield at -0.15% and taxables at -0.32%.

  10. Muni issuers cautiously consider application of blockchain
    SourceMedia Bond Buyer | 09/24/21 02:42 PM EDT

    Public finance issuers are taking an increased interest in the applications of blockchain and distributed ledger technology, and it is entering the market in multiple ways.

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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