News Results

  1. FOREX-Dollar retreats from 11-month high; sterling rises after BOE
    Reuters | 06/21/18 03:24 PM EDT

    The dollar fell from an 11-month high against a basket of major currencies on profit-taking on Thursday, while sterling recovered from a seven-month low as the Bank of England's top ...

  2. Cadenza Innovation Named as Technology Pioneer by World Economic Forum
    GlobeNewswire | 06/21/18 03:30 AM EDT

    Battery startup among companies honored for potential to help transform society and industry, shape the Fourth Industrial Revolution Technology Pioneers 2018 represent program’s most diverse class ever WILTON, Conn., June 21, 2018 -- Cadenza Innovation, the closely watched provider of safe, low cost, high-performance lithium-ion-based energy storage solutions for license to battery manufacturer...

  3. Latest session tests Louisiana's ability to bridge divide on budget
    SourceMedia Bond Buyer | 06/20/18 07:03 PM EDT

    In a third special session this year, the Republican-led Legislature is considering new funding to prop up the budget signed by Democratic Gov. John Bel Edwards.

  4. GLOBAL MARKETS-Trade fears slam stocks, commodities, investors eye safety
    Reuters | 06/19/18 11:21 AM EDT

    * * Agricultural commodities, metals, stocks tumble. * Bond yields tumble as U.S. Treasuries in demand. * Oil futures fall, investors eye safe haven currencies. * Risk sentiment hurt as Trump threatens China with new tariffs. * China shares close almost 4 percent lower. By Sinéad Carew.

  5. Massachusetts court KOs millionaire's-tax ballot initiative
    SourceMedia Bond Buyer | 06/18/18 07:12 PM EDT

    The state's highest court rejected a ballot question that would have asked voters to raise the state income tax on the commonwealth's top earners.

  6. Rise in single-rated Municipal Bonds spurs investor concerns
    SourceMedia Bond Buyer | 06/12/18 07:05 PM EDT

    A quarter of municipal bond issuance so far this year carried just one rating agency opinion, heightening uncertainty over credit quality for some investors.

  7. Connecticut cites bond covenant in oversubscribed sale
    SourceMedia Bond Buyer | 06/11/18 07:06 PM EDT

    Fiscal restraints under a new bond covenant contributed to strong demand for a state GO sale, said state Treasurer Denise Nappier.

  8. Fannie Mae Announces Two Credit Insurance Risk Transfer Transactions on $10 Billion of Single-Family Loans
    PR Newswire | 06/11/18 03:29 PM EDT

    WASHINGTON, June 11, 2018  Fannie Mae (FNMA) announced today that it has completed its second and third traditional Credit Insurance Risk Transfer™ transactions of 2018 covering existing loans in the company's portfolio.

  9. Munis have no fear of looming Fed Funds hike
    SourceMedia Bond Buyer | 06/08/18 07:05 PM EDT

    Munis will see more than $5 billion of new supply, with the Federal Open Market Committee set to meet next week and raise interest rates again.

  10. N.Y., Mass. bond deals lead Fed-week $5.6B municipal sale calendar
    SourceMedia Bond Buyer | 06/08/18 07:05 PM EDT

    Municipal bond buyers will see a smaller-than-average new issue calendar as issuers remain cautious ahead of the Federal Reserve's monetary policy meeting

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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