News Results

  1. Preston Hollow v. Nuveen breaks open high-yield muni world
    SourceMedia Bond Buyer | 03/15/19 11:06 AM EDT

    Preston Hollow's accusations against Nuveen of bully tactics underscore the cutthroat competition for market share.

  2. $390K Grant Helps Fund Major Repairs for Low-Income Apartments in Mississippi
    Business Wire | 03/15/19 09:18 AM EDT

    BancorpSouth and FHLB Dallas Award Affordable Housing Program Funds. BancorpSouth Bank (BXS) and the Federal Home Loan Bank of Dallas have awarded a $390,000 Affordable Housing Program grant to renovate Walter Vinson apartments, a low-income multifamily development in Bolton, Mississippi.

  3. Illinois' credit rating pressured by need for more revenue -S&P
    Reuters | 03/14/19 06:00 PM EDT

    Increased revenue could save Illinois' credit rating from slipping one notch to junk, S&P Global Ratings said on Thursday as it affirmed the state at BBB-minus ahead of an upcoming $455 million bond sale. The credit rating agency said while the likelihood of the state experiencing a liquidity crisis in the near term has subsided, liquidity remains "paramount" to future rating actions.

  4. First Midwest Receives Federal Reserve Approval for Acquisition of Bridgeview Bancorp, Inc.
    Business Wire | 03/14/19 05:22 PM EDT

    First Midwest Bancorp, Inc., the parent company of First Midwest Bank, today announced it has received approval from the Federal Reserve to acquire Bridgeview Bancorp, Inc. and its wholly owned subsidiary, Bridgeview Bank Group.

  5. BRIEF-S&P Says Illinois 2019A-B Go Bonds Assigned 'BBB-' Rating
    Reuters | 03/14/19 03:46 PM EDT

    S&P : * S&P - ILLINOIS 2019A-B GO BONDS ASSIGNED 'BBB-' RATING; OTHER GO RATINGS AFFIRMED. * S&P - ASSIGNED 'BBB-' RATING TO ILLINOIS' $300 MILLION IN GO TAXABLE BONDS, SERIES APRIL 2019A, AND $155 MILLION IN GO BONDS, SERIES APRIL 2019B. * S&P - AFFIRMED 'BB+' RATINGS ON ILLINOIS' APPROPRIATION-BACKED DEBT Source text :

  6. AM Best Upgrades Credit Ratings of Members of Castle Key Group
    Business Wire | 03/14/19 01:28 PM EDT

    AM Best has upgraded the Financial Strength Rating to B+ from B- and the Long-Term Issuer Credit Rating to “bbb-” from “bb-” of the members of Castle Key Group. The ratings reflect Castle Key’s balance sheet strength, which AM Best categorizes as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

  7. Munis aren't too heavy if you balance the weight
    SourceMedia Bond Buyer | 03/13/19 03:26 PM EDT

    Eagle Asset Management PM Manager uses barbell approach to find value for clients when short-term munis are expensive relative to Treasurys.

  8. Illinois spreads tighten after tax rate announcement
    SourceMedia Bond Buyer | 03/11/19 04:26 PM EDT

    The market appeared to move after Gov. J.B. Pritzker announced a rate structure for his graduated state income tax proposal.

  9. Municipal CUSIP requests indicate a near-term increase in issuance
    SourceMedia Bond Buyer | 03/11/19 04:06 PM EDT

    Municipal CUSIP requests rose 16.7% in February,signaling possible growth in bond supply.

  10. Changing of the guard: The 'new' era of RBC
    SourceMedia Bond Buyer | 03/11/19 12:06 PM EDT

    Bob Spangler and Jim Tricolli say they are sticking with the winning strategy — and staff — established by Chris Hamel.

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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