News Results

  1. Chicago suburb inches toward junk over pension woes
    SourceMedia Bond Buyer | 10/12/18 07:11 PM EDT

    Moody's cut the rating of Oak Lawn, Illinois, to the lowest investment grade level.

  2. GLOBAL MARKETS-Stocks rebound but S&P 500 posts biggest weekly loss since March
    Reuters | 10/12/18 05:05 PM EDT

    * Wall St snaps six-day losing streak; tech stocks lead. * China trade surplus with U.S. hits record high. * Dollar recovers; debt yields rise. By Caroline Valetkevitch and Laila Kearney. Stock markets worldwide rebounded on Friday after a multi-day sell-off but still registered their biggest weekly losses in months, while U.S. Treasury yields rose and the dollar held its gains.

  3. Global stocks rebound but S&P 500 posts biggest weekly loss since March
    Reuters | 10/11/18 08:54 PM EDT

    Stock markets worldwide rebounded on Friday after a multi-day sell-off but still registered their biggest weekly losses in months, while U.S. Treasury yields rose and the dollar held its gains. Wall Street snapped a six-day losing streak as investors looked for bargains even as worries about U.S.-China trade tensions lingered.

  4. Illinois puts its best credit foot forward with sales tax bond deal
    SourceMedia Bond Buyer | 10/11/18 07:05 PM EDT

    The Build Illinois bonds still carry single-A to double-A ratings, even after rating cuts tied to the state's overall fiscal woes.

  5. A.M. Best Affirms Credit Ratings of California Insurance Company and Its Affiliates
    Business Wire | 10/11/18 12:52 PM EDT

    A.M. Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of “aa-” of California Insurance Company, Continental Indemnity Company, Illinois Insurance Company, Texas Insurance Company and Pennsylvania Insurance Company.

  6. Hunt Real Estate Capital Finances the Acquisition of Two Multifamily Portfolios Located in Chicago, Illinois
    PR Newswire | 10/11/18 09:04 AM EDT

    NEW YORK, Oct. 11, 2018  Hunt Real Estate Capital, a leader in financing commercial real estate throughout the United States, announced today it provided two Freddie Mac Small Balance Loans totaling $7.42 million to finance the acquisition of two multifamily portfolios located in the Bronzeville neighborhood of Chicago, Illinois.

  7. Cook County budget would hold line on taxes and fines
    SourceMedia Bond Buyer | 10/10/18 07:07 PM EDT

    Cook County Board President Toni Preckwinkle unveiled a $5.92 billion spending plan for fiscal 2019.

  8. Northwestern affiliation bolsters Centegra ratings
    SourceMedia Bond Buyer | 10/09/18 07:04 PM EDT

    Northwestern Memorial Healthcare's long-stalled acquisition of Centegra was finalized last month.

  9. Why secret whistleblower in VRDO cases likely to be made public
    SourceMedia Bond Buyer | 10/05/18 07:03 PM EDT

    The whistleblower responsible for federal investigations and lawsuits accusing banks and broker-dealers of fraud and collusion in the remarketing of variable rate demand obligations will likely be forced to go public because of a recent ruling by Massachusetts’ highest court.

  10. BAML, PFM maintain top positions in rankings in slower muni market
    SourceMedia Bond Buyer | 10/04/18 07:07 PM EDT

    After three quarters, only Morgan Stanley (MS) and Jefferies have increased par amount underwritten from last year.

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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