News Results

  1. Higher-yielding U.S. muni bonds cheer Biden's state, city budget relief
    Reuters | 01/15/21 05:23 PM EST

    A big burst of federal aid for U.S. states and local governments in Democratic President-elect Joe Biden's massive fiscal stimulus plan helped higher-yielding debt from lower-rated issuers in the U.S. municipal bond market on Friday.

  2. Munis steady ahead of holiday-shortened, large new-issue week
    SourceMedia Bond Buyer | 01/15/21 04:01 PM EST

    Friday?s data showed economic weakness. Consumers, the drivers of the economy, pulled back during the holiday season and have exhibited weakening sentiment.

  3. Los Angeles firefighters agree to freeze on salary increases
    SourceMedia Bond Buyer | 01/15/21 12:24 PM EST

    The pandemic caused the worst economic downturn Los Angeles has ever faced, according to Mayor Eric Garcetti and City Council President Nury Martinez.

  4. Fitch upgrades Louisiana's highway improvement revenue bonds
    SourceMedia Bond Buyer | 01/15/21 11:18 AM EST

    The upgrade precedes the sale of $202 million of taxable refunding bonds next week.

  5. De Blasio warns of continued risk to budget
    SourceMedia Bond Buyer | 01/15/21 07:43 AM EST

    The New York mayor rolled out his $92.3 billion preliminary spending plan with warnings about federal and state variables, more pronounced amid the COVID-19 crisis.

  6. New York City's FY 2022 budget gap grows to $5.25 billion
    Reuters | 01/14/21 06:08 PM EST

    A decline in property tax revenue related to the ongoing coronavirus pandemic has punched a bigger hole in the upcoming budget for New York City, which needs Democrats in control of the White House and the U.S. Congress to deliver major fiscal stimulus, Mayor Bill de Blasio said on Thursday.

  7. Former Michigan governor, Flint emergency managers face criminal charges over water crisis
    SourceMedia Bond Buyer | 01/14/21 05:24 PM EST

    Former Michigan Gov. Rick Snyder and two former Flint emergency managers entered not guilty pleas Thursday on criminal charges tied to their alleged roles in the Flint water contamination crisis

  8. Muni secondary in neutral while new deals see large bumps in repricings
    SourceMedia Bond Buyer | 01/14/21 04:02 PM EST

    Powell, speaking on a livestreamed event, said interest rates will be raised "no time soon" and there will be plenty of notice "well in advance of active consideration."

  9. Shreveport, Louisiana, council to vote on $207M GO bond referendum
    SourceMedia Bond Buyer | 01/14/21 02:49 PM EST

    Mayor Adrian Perkins put the bond proposals before the City Council and asked for a vote on a special April 24 election on four bond referendums.

  10. SIFMA updates model documents for Libor's end
    SourceMedia Bond Buyer | 01/14/21 02:24 PM EST

    The group specifically revised six of its model disclosure documents for risk disclosure including floating rate notes, fixed-rate bonds, interest rate swaps, forward delivery bonds, tender offer bonds and variable rate demand 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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