News Results

  1. Illinois conduit's slate is full amid tax reform threats
    SourceMedia Bond Buyer | 07:02 PM EST

    The rush to beat tax legislation at the Illinois Finance Authority makes for its busiest December ever.

  2. $110 Million in Champaign School District General Obligation Bonds to Finance Improvements at Eight Facilities
    Business Wire | 12/11/17 02:57 PM EST

    Wells Fargo Securities leads diverse underwriting syndicate as senior manager Wells Fargo Securities announced today that it served as senior manager for Champaign Unit 4 School District in its recent sale of $110 million in general obligation bonds to finance improvements for school buildings and sites.

  3. Muni market will see almost $20B of new bond deals next week
    SourceMedia Bond Buyer | 12/08/17 07:17 PM EST

    The municipal bond market will see a second week of chunky new issuance, with almost $20 billion of new deals lining up for sale.

  4. Market eyes next week’s above-average muni bond slate
    SourceMedia Bond Buyer | 12/08/17 07:17 PM EST

    The municipal bond market was one again looking at an above-average calendar for next week, with negotiated supply alone coming in at over $17 billion.

  5. A.M. Best Revises Outlooks to Stable for Zurich Insurance Group Ltd and its Main Rated Subsidiaries
    Business Wire | 12/08/17 11:48 AM EST

    A.M. Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of “aa-” of the main non-life insurance subsidiaries of Zurich Insurance Group Ltd . Concurrently, A.M. Best has upgraded the FSR to A+ from A and the Long-Term ICR to “aa-” from “a” for Zurich American Life Insurance Company . The outlook of ZALICO...

  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. Global stocks, dollar rise with renewed risk appetite, oil rebounds
    Reuters | 12/06/17 08:11 PM EST

    A gauge of global stocks gained on Thursday, boosted by Wall Street, and the U.S. dollar touched a two-week high as risk appetite returned and investors braced for developments with U.S. policy and for a key U.S. jobs report due on Friday. Longer-dated U.S. Treasury yields rose as increased risk appetite diminished the attractiveness of safe-haven U.S. government debt.

  8. Market snaps up Chicago's new securitization bonds
    SourceMedia Bond Buyer | 12/06/17 07:09 PM EST

    The $575 million deal proved an easy sell to a market hungry for any municipal paper.

  9. Chicago sells new kind of debt amid strong muni demand
    Reuters | 12/06/17 04:46 PM EST

    Strong demand in the U.S. municipal bond market drove yields lower on a Chicago bond sale under a new debt structure on Wednesday. The $575 million of tax-exempt and taxable bonds were the first to be sold by the city's new Sales Tax Securitization Corporation and came to market as U.S. muni bond prices rallied amid a huge surge in supply. "Overall, they probably have to be thrilled.

  10. Alaska's credit stabilizes with jump in oil prices
    SourceMedia Bond Buyer | 12/05/17 07:03 PM EST

    Alaska's fiscal slide has halted, at least for now.

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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