News Results

  1. Muni market strengthens ahead of the Fed
    SourceMedia Bond Buyer | 12/18/18 06:59 PM EST

    A few deals trickled into a stronger market, ahead of Wednesday’s interest rate announcement.

  2. Port Authority stays course with long-range airport initiatives
    SourceMedia Bond Buyer | 12/18/18 06:59 PM EST

    The bi-state transportation agency's new budget plan keeps it on track to tackle large-scale airport redevelopment projects.

  3. Municipal issuance expected to decline next year, SIFMA survey finds
    SourceMedia Bond Buyer | 12/18/18 06:59 PM EST

    The survey of securities firms showed pressures caused by unfunded pension obligations is expected to be the biggest issue for the muni market next year.

  4. Weaker-than-expected performance brings downgrade to a university in Missouri
    SourceMedia Bond Buyer | 12/18/18 06:59 PM EST

    Webster University has struggled to balance operations as it suffers tuition revenue declines.

  5. Hilltop hires muni executives in Ohio, Michigan
    SourceMedia Bond Buyer | 12/18/18 06:59 PM EST

    The nation's No. 2 financial advisory services firm is hiring municipal executives in Ohio and Michigan.

  6. Muniland looking ahead, while ending the year in a 'positive' manner
    SourceMedia Bond Buyer | 12/18/18 06:59 PM EST

    The municipal market appears ready to close the year in a positive manner.

  7. How federal budget dysfunction trickles down
    SourceMedia Bond Buyer | 12/18/18 06:59 PM EST

    The delay in Washington means state and local budget planners lack critical federal inputs until early next year.

  8. November housing starts rise more than expected
    SourceMedia Bond Buyer | 12/18/18 06:59 PM EST

    November housing starts rose by 3.2% to a 1.256 million annual rate, according to data released Tuesday by the Commerce Department.

  9. N.Y. Fed: Dec. service sector activity expands, prices dip
    SourceMedia Bond Buyer | 12/18/18 06:59 PM EST

    New York service sector activity “expanded slightly” in December, according to the Federal Reserve Bank of New York's Business Leaders Survey.

  10. Chapman and Cutler mourns loss of its healthcare financing leader
    SourceMedia Bond Buyer | 12/18/18 06:59 PM EST

    Michael J. Mitchell, a 40-year veteran of public finance law, is remembered as a mentor.

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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