News Results

  1. Buyside expects little from November's Illinois election
    SourceMedia Bond Buyer | 07:08 PM EDT

    Muni analysts doubt that either major-party candidate for governor has the solutions to Illinois' many fiscal problems.

  2. 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.

  3. A.M. Best Affirms Credit Ratings of The Progressive Corporation and Its Subsidiaries
    Business Wire | 06/20/18 12:31 PM EDT

    A.M. Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of “aa” of the members of Progressive Agency Pool, Progressive Direct Pool and Progressive Commercial Auto Group . A.M. Best also has affirmed the FSR of A and the Long-Term ICR of “a+” of National Continental Insurance Company . Additionally, A.M. Best has affirmed the Long-Term ICR of “a” and al...

  4. Cook County looks to close $82 million gap without tax hikes
    SourceMedia Bond Buyer | 06/19/18 07:04 PM EDT

    The nation's second-most-populous county faces “difficult choices," board President Toni Preckwinkle said.

  5. Presence Health ratings ascend to level of Ascension Health Alliance
    SourceMedia Bond Buyer | 06/15/18 07:04 PM EDT

    Ascension's acquisition of Presence Health brings double-A ratings to the previously triple-B-minus debt of Presence.

  6. Harvey settlement complicated by prospect of changes to Illinois intercept law
    SourceMedia Bond Buyer | 06/15/18 07:04 PM EDT

    Harvey, Illinois, its public safety pension funds, and its revenue bondholders continue negotiating toward a settlement on revenue diversions.

  7. Sluggish China economy would hit U.S. state tax revenue -Fitch
    Reuters | 06/15/18 05:43 PM EDT

    A drop in U.S. export growth due to a slowdown in China's economy would likely dent tax revenue in several states that send agricultural commodities and transportation goods to the country, Fitch Ratings said on Friday.

  8. St. Louis airport privatization is closer to takeoff
    SourceMedia Bond Buyer | 06/14/18 07:05 PM EDT

    The city has finalizeda consulting contract with an advisory team for a possible airport lease.

  9. Chicago rolls the dice on Elon Musk's tunnel company
    SourceMedia Bond Buyer | 06/14/18 07:05 PM EDT

    Chicago Mayor Rahm Emanuel's administration and The Boring Company will begin contract negotiations on a high-speed tunnel system.

  10. North Chicago's pension burden knocks its rating three notches lower
    SourceMedia Bond Buyer | 06/13/18 07:04 PM EDT

    The second Illinois municipality stung by new state pension intercept rules has settled with its firefighters' fund.

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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