News Results

  1. MSRB proposal would reduce volume of disclosure required by dealers
    SourceMedia Bond Buyer | 11:00 AM EDT

    The proposed changes are part of the MSRB's ongoing retrospective rule review.

  2. Connecticut rides ratings grand slam into $1 billion GO sale
    SourceMedia Bond Buyer | 09:59 AM EDT

    Three upgrades in two days and four in six weeks mark the state's first bond-rating upgrades in 20 years.

  3. Puerto Rico Oversight Board overrules legislature on PREPA privatization spending
    SourceMedia Bond Buyer | 05/14/21 04:47 PM EDT

    The speaker of the territory's House of Representatives says its vote is controlling and the board will have to go to court to overrule it.

  4. Muni fundamentals 'simply overpowering'
    SourceMedia Bond Buyer | 05/14/21 04:15 PM EDT

    After facing outside economic data pressures and rising U.S. Treasuries, municipals ended the week on solid footing ahead of a larger calendar with newly upgraded Connecticut leading with $1 billion of exempt and taxable GOs.

  5. Three upgrades set table for $1 billion Connecticut GO sale
    SourceMedia Bond Buyer | 05/14/21 04:06 PM EDT

    Fitch Ratings, S&P Global Ratings and Kroll Bond Rating Agency all upgraded the Constitution State ahead of a $1 billion taxable and tax-exempt transaction set for Wednesday.

  6. Pennsylvania measures underscore tussle over governors' emergency powers
    SourceMedia Bond Buyer | 05/14/21 11:08 AM EDT

    Voters will decide on constitutional amendments regarding the length of time a governor can implement a disaster declaration without legislative consent.

  7. Hybrid public employee pension plans grow but savings are limited
    SourceMedia Bond Buyer | 05/14/21 10:41 AM EDT

    While traditional defined-benefit pension plans remain the prevailing model, at least 19 states have hybrids.

  8. New York mayoral hopefuls all over the lot on economic recovery
    SourceMedia Bond Buyer | 05/14/21 10:16 AM EDT

    Proposed remedies were as varied as the candidates themselves as eight leading Democratic candidates jousted in a live televised debate.

  9. Muni benchmarks see slight weakness, but fundamentals remain solid
    SourceMedia Bond Buyer | 05/13/21 04:23 PM EDT

    Refinitiv Lipper reported $750 million of inflows into municipal bond mutual funds for the week ending May 12 while high-yield funds saw $487 million of inflows.

  10. New York City gets upward outlook revision from Moody?s
    SourceMedia Bond Buyer | 05/13/21 04:18 PM EDT

    The outlook shift to stable from negative is a badly needed shot in the arm from the capital markets as the city prepares to come out of the COVID-19 pandemic.

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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