News Results

  1. PREPA case brings questions on judge's interpretation of PROMESA
    SourceMedia Bond Buyer | 03/27/23 04:46 PM EDT

    Analysts say the PROMESA bankruptcy law is more creditor friendly than how the judge in the PREPA case interprets it.

  2. Municipals steady to start the week, USTs sell off
    SourceMedia Bond Buyer | 03/27/23 04:12 PM EDT

    Munis held "their firmer tone as Treasuries continued to rally once more this past week," said Jason Wong, vice president of municipals at AmeriVet Securities.

  3. Bancroft Capital hires Villanova as director of municipals
    SourceMedia Bond Buyer | 03/27/23 03:07 PM EDT

    Villanova, who is based in Hawaii, will help expand Bancroft's engagement with issuers, underwriters and financial advisors.

  4. Munis are safe haven that offer value: analyst
    SourceMedia Bond Buyer | 03/27/23 02:12 PM EDT

    Municipals' strong fundamentals and high credit quality combined with market inefficiencies and dislocations present opportunities.

  5. SEC's conflict of interest proposal should exempt munis
    SourceMedia Bond Buyer | 03/27/23 02:07 PM EDT

    The proposal would prevent the sale of asset -backed securities tainted by any material conflict of interest and commenters feel that munis should be excluded from the final rule.

  6. Siebert hires Markus, Liff to focus on higher education, infrastructure
    SourceMedia Bond Buyer | 03/27/23 01:49 PM EDT

    Public finance veterans Marvin Markus and Mark Liff join Siebert as managing directors to focus on expanding the firm's infrastructure and higher education practices.

  7. Longtime issuer pulls out of Senate consideration to head FAA
    SourceMedia Bond Buyer | 03/27/23 09:13 AM EDT

    Republicans argued the longtime transit and airport CEO lacked the experience necessary to head the FAA.

  8. Gimme shelter: In wake of bank fail fallout, municipal bonds in demand
    SourceMedia Bond Buyer | 03/24/23 04:39 PM EDT

    Yields on top-rated municipal bonds fell as much as nine basis points on Friday as bank contagion fears resurfaced and investors looked to safe-haven securities. The primary calendar is rebounding, with volume rising to an estimated $5.4 billion in the week ahead.

  9. Texas committee drops appropriation for winter storm utility debt
    SourceMedia Bond Buyer | 03/24/23 01:01 PM EDT

    The state House Appropriations Committee dropped $3.86 billion from a supplemental spending bill, but its chair said the money is "still in play."

  10. New York warily eyes bank failures, economic data as budget talks loom
    SourceMedia Bond Buyer | 03/24/23 11:56 AM EDT

    "If banks become even more reluctant to make new loans, the likelihood of a recession grows," says New York City Comptroller Brad Lander.

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.