News Results

  1. Municipal yields surge as Connecticut, University of Calif. bond deals sell
    SourceMedia Bond Buyer | 12/11/17 07:10 PM EST

    Top-rated municipal bonds weakened as much as 8 basis points on Monday as the first of the week’s big offerings hit the screens, led by Connecticut’s competitive sales and the University of California’s negotiated deal.

  2. Holiday wish list for Muniland
    SourceMedia Bond Buyer | 12/11/17 07:10 PM EST

    First on the list is an infrastructure plan we can embrace fully – with clearly identified and unencumbered revenue streams from the Federal level.

  3. Second surge: Municipal bond market set for $23B of new deals
    SourceMedia Bond Buyer | 12/11/17 07:10 PM EST

    The municipal bond market will see a second week of hefty supply, with almost $22 billion of new deals lining up for sale.

  4. Connecticut transportation crisis may drive bond strategy change
    SourceMedia Bond Buyer | 12/11/17 07:10 PM EST

    Alternative strategies include general obligation borrowing to offset limited bonding capacity in the special transportation fund.

  5. Strong U.S. job growth in November bolsters economy's outlook
    Reuters | 12/08/17 09:10 AM EST

    * Nonfarm payrolls increase 228,000 in November. * Unemployment rate unchanged at 4.1 percent. * Average hourly earnings rise 0.2 percent. By Lucia Mutikani. U.S. job growth increased at a strong clip in November, painting a portrait of a healthy economy that analysts say does not require the kind of fiscal stimulus that President Donald Trump is proposing, even though wage gains remain moderate.

  6. Malloy warns of doom for Connecticut transportation fund
    SourceMedia Bond Buyer | 12/07/17 07:09 PM EST

    Only weeks after Gov. Dannel Malloy signed a fiscal 2018 budget, the state has a new round of fiscal crises.

  7. KBRA Assigns AA- Rating with a Negative Outlook to the State of Connecticut’s Taxable G.O. Bonds (2017 Series A) & a K1+ to the G.O. BANS (2017 Series A)
    Business Wire | 12/07/17 06:02 PM EST

    Kroll Bond Rating Agency has assigned a long-term rating of AA- with a Negative Outlook to the State of Connecticut’s Taxable General Obligation Bonds and a short-term rating of K1+ to the General Obligation Bond Anticipation Notes. To view the report, please click here.

  8. United Insurance Holdings Corp. Announces Pricing of $150 Million Senior Notes Offering
    Business Wire | 12/07/17 05:17 PM EST

    United Insurance Holdings Corp. (UIHC) , a property and casualty insurance holding company, today announced the pricing of its previously-announced underwritten public offering of senior notes due 2027.

  9. United Insurance Holdings Corp. Announces Public Offering of Senior Notes
    Business Wire | 12/07/17 09:40 AM EST

    United Insurance Holdings Corp. (UIHC) , a property and casualty insurance holding company, today announced that it intends to offer senior notes due 2027 in an underwritten public offering, subject to market and other conditions. Raymond James & Associates, Inc. and Wells Fargo Securities, LLC will act as joint book-running managers of the offering.

  10. Students From These States Face Higher Student Debt; AFBC Helps Borrowers Navigate Repayment
    PR Newswire | 11/29/17 07:15 PM EST

    EMERYVILLE, Calif. The two recent reports from the Student Loan Report and Sallie Mae, though calculated differently, both show a trend of higher college debt in states like Connecticut, Pennsylvania, and West Virginia. According to the Student Loan Report, New Hampshire had the highest average student loan debt, at $27,167 per graduate.

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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