ETF Shareholders to Receive Payout in September BlackRock announced today that iShares® iBonds® Sep 2018 Term Muni Bond ETF will, by design, cease trading at the close of U.S. market hours on September 4, 2018. iShares iBonds Term Muni Bond ETFs are designed to offer investors exposure to investment grade municipal bonds with the benefits of both ETFs and bonds.
Thursday's 5-4 ruling involves a 2016 law enacted by South Dakota requiring out-of-state e-commerce retailers to collect sales tax if they have more than 200 transactions annually or $100,000 in sales within the state.
Unbalanced contracts, layers of bureaucracy and weak contract management make New York transit projects expensive and time-consuming, according to Scott Rechler.
The Kinney County Public Facility Corp. issued $9.23 million in project revenue bonds to finance the the warehouse style building with 384 beds for adults.
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.
U.S. Conference of Mayors President Stephen Benjamin talks about the ways to get Congress to bring back advance refundings for municipal bond issuers. The mayor of Columbia, S.C., also discusses a Smart Cities agenda that’s focused on growing cities through improved infrastructure. John Hallacy is host.
Ex-Morgan Stanley (MS) branch manager Terry Lee McCoy failed to act on several "red flags" that the accounts of an elderly and incapacitated customer were being abused, FINRA said.
U.S. municipal bond market trading has been relatively stable over the last 11 years despite a drop in the number of dealers and the amount of the debt kept in dealers' inventories, the Municipal Securities Rulemaking Board said on Tuesday.
Two years after New Mexico lost its triple-A rating, New Mexico has taken its second downgrade from Moody's Investors Service based on rising pension and Medicaid obligations.
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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