News Results

  1. Chapman and Cutler mourns loss of its healthcare financing leader
    SourceMedia Bond Buyer | 12/18/18 06:59 PM EST

    Michael J. Mitchell, a 40-year veteran of public finance law, is remembered as a mentor.

  2. Illinois RTA sets budget, turns to search for long-term capital
    SourceMedia Bond Buyer | 12/18/18 06:59 PM EST

    The RTA, which oversees three big Chicago-area transit agencies, is among the organizations that wants the state government to pass a long-awaited capital bill.

  3. States still struggle with legacy costs, says Volcker report
    SourceMedia Bond Buyer | 12/12/18 07:00 PM EST

    Pension and other retirement benefits still pose a stiff challenge, the organization said in its annual report card on the states.

  4. AM Best Downgrades Credit Ratings of Mercury Casualty Group’s Members and Mercury General Corporation
    Business Wire | 12/12/18 01:01 PM EST

    AM Best has downgraded the Financial Strength Rating to A from A+ and the Long-Term Issuer Credit Ratings to “a+” from “aa-” for the members of Mercury Casualty Group. The ratings of Mercury reflect the group’s balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

  5. Chicago region mayors want gas tax hike for capital projects
    SourceMedia Bond Buyer | 12/11/18 06:58 PM EST

    “We have starved our state of a fundamental economic investment and job creator,” said Chicago Mayor Rahm Emanuel.

  6. Newest report underscores depth of Illinois pension quagmire
    SourceMedia Bond Buyer | 12/11/18 06:58 PM EST

    Gov.-elect J.B. Pritzker will inherit $133.7 billion of unfunded pension liabilities, according to a nonpartisan state commission.

  7. Investors seek safety in bonds; munis turn mixed ahead of supply
    SourceMedia Bond Buyer | 12/10/18 07:01 PM EST

    Volatility in risk assets has led investors to the safety of bonds, according to Societe Generale.

  8. Munis hold firm ahead of supply
    SourceMedia Bond Buyer | 12/10/18 07:01 PM EST

    Municipal bonds were stronger at mid-session, as the market prepares for an $8 billion new issue slate.

  9. Municipal bonds remain stronger as market readies for $8B calendar
    SourceMedia Bond Buyer | 12/07/18 07:02 PM EST

    Municipal bonds closed out the week stronger ahead of a hefty new issue slate.

  10. Municipal new issue slate hits $8B
    SourceMedia Bond Buyer | 12/07/18 07:02 PM EST

    As the end of the year draws near, the municipal bond market will see lots of negotiated deals on next week’s new issue calendar.

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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