News Results

  1. N.Y. Fed: Service sector improves in August
    SourceMedia Bond Buyer | 08/16/17 07:08 PM EDT

    The New York region's service sector activity "picked up," according to the Federal Reserve Bank of New York's August Business Leaders Survey, released Tuesday.

  2. BRIEF-Fannie Mae prices $1.069 billion Connecticut Avenue securities risk sharing deal
    Reuters | 08/15/17 02:05 PM EDT

    Federal National Mortgage Association : * Fannie Mae (FNMA) prices $1.069 billion Connecticut Avenue securities risk sharing deal. * Says ‍CAS series 2017-C06, a note offering of approximately $1.1 billion, is scheduled to settle on August 23, 2017​ Source text for Eikon: Further company coverage:

  3. Fannie Mae Prices $1.069 Billion Connecticut Avenue Securities Risk Sharing Deal
    PR Newswire | 08/15/17 01:45 PM EDT

    WASHINGTON, Aug. 15, 2017  Fannie Mae (FNMA) priced its sixth credit risk sharing transaction of 2017 under its Connecticut Avenue Securities™ program.

  4. New Hampshire transforms highway rest stops to revenue
    SourceMedia Bond Buyer | 08/11/17 07:10 PM EDT

    A P3 for the Interstate 93 welcome centers is a success, state officials say.

  5. Hartford's obstacles and opportunities
    SourceMedia Bond Buyer | 08/11/17 07:10 PM EDT

    A mix of debt restructuring and labor concessions could keep Connecticut's capital out of bankruptcy court.

  6. KBRA Assigns Preliminary Ratings to Fannie Mae’s Connecticut Avenue Securities, Series 2017-C06 (CAS 2017-C06)
    Business Wire | 08/11/17 05:37 PM EDT

    Kroll Bond Rating Agency assigns preliminary ratings to 94 classes from Fannie Mae’s Connecticut Avenue Securities, Series 2017-C06, a credit risk sharing transaction with a total note offering of $1,069,435,000. The aggregate CAS 2017-C06 Reference Pool consists of 135,856 residential mortgage loans with an aggregate cut-off balance of approximately $32.0 billion.

  7. Why Goldman Sachs Seized a Yacht -- WSJ
    DJ Business News | 08/11/17 02:47 AM EDT

    This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. Goldman Sachs Group Inc. (GS) owns hundreds of billions of dollars of stocks, bonds and commodities. Add to its portfolio: a 217- foot luxury yacht called Natita.

  8. Why Goldman Sachs Seized a Client's 217-Foot Yacht
    DJ Business News | 08/10/17 05:44 AM EDT

    Goldman Sachs Group Inc. (GS) owns hundreds of billions of dollars of stocks, bonds and commodities. Add to its portfolio: a 217- foot luxury yacht called "Natita." The story behind the boat begins with a 2014 loan to a prized Goldman client, billionaire Texas oilman William Kallop.

  9. Citigroup to pay $130 mln to end Libor rigging lawsuit in U.S.
    Reuters | 08/07/17 07:11 PM EDT

    Citigroup Inc (C) has agreed to pay $130 million to settle private U.S. antitrust litigation accusing it of conspiring with rivals to manipulate the Libor benchmark interest rate.

  10. Why a rainy-day fund's balance isn't the be all, end all
    SourceMedia Bond Buyer | 08/04/17 07:10 PM EDT

    Revenue volatility and bond-rating agency opinions can complicate states' rainy-day planning.

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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