News Results

  1. Moody's upgrades Ohio to Aaa
    SourceMedia Bond Buyer | 12/01/23 05:00 PM EST

    Moody's, which last rated the state triple-A in 1979, pointed to an economy that's "poised for diversification and growth."

  2. Munis open December firmer ahead of $9B-plus deal slate
    SourceMedia Bond Buyer | 12/01/23 03:45 PM EST

    Pennsylvania leads the new-issue calendar with $2.1 billion of GOs in four series via the competitive market while the New York City TFA will bring another $1.4 billion of exempts and taxables.

  3. PREPA bond parties appeal lien, other rulings
    SourceMedia Bond Buyer | 12/01/23 01:55 PM EST

    Bond parties to challenge Judge Swain's ruling saying they do not have a lien on revenues, among other things.

  4. All financing options on table for EPA's lead pipe replacement rule
    SourceMedia Bond Buyer | 12/01/23 01:15 PM EST

    A significant chunk of the costs will be passed to ratepayers, experts said.

  5. MSRB files FY 2024 fees for dealers, advisors
    SourceMedia Bond Buyer | 12/01/23 12:14 PM EST

    The first fees filed under the MSRB's new rate card model are in line with expectations,but its long term budget growth has some worried about its future.

  6. Atlantic City casino profits slide; remain above pre-pandemic levels
    SourceMedia Bond Buyer | 12/01/23 10:10 AM EST

    Earnings from the city's nine casinos and two internet-based gambling services fell year-over-year but remained above 2019 levels, a state regulator said.

  7. NYC congestion pricing moves ahead as mobility board proposes toll plan
    SourceMedia Bond Buyer | 12/01/23 09:54 AM EST

    "There weren't many exemptions made to paying the fee, which should help maximize revenues and make them more predicable when considering leveraging this new revenue stream for infrastructure improvements," said Howard Cure of Evercore Wealth Management.

  8. Muni masterclass: Expert opinions
    SourceMedia Bond Buyer | 12/01/23 12:01 AM EST

    Three market veterans share their outlooks for municipal market valuations and credit quality.

  9. Munis close out 'impressive' month, poised to return over 6%
    SourceMedia Bond Buyer | 11/30/23 04:01 PM EST

    Triple-A yields have fallen up to 95 basis points on the month, supply is up 7.8% year-over-year for November and the month is posting positive returns, which has, in turn, led to well over 3.50% returns year-to-date.

  10. Hurdles cleared in PREPA bankruptcy case
    SourceMedia Bond Buyer | 11/30/23 02:57 PM EST

    Swain rejects five bondholder arguments, bringing approval of the Oversight Board's plan of adjustment nearer.

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.