News Results

  1. N. J.'s decision to use tax-exempts for planned $4B bond sale reflects market strength, analysts say
    SourceMedia Bond Buyer | 04:16 PM EDT

    New Jersey had a choice between the Federal Reserve?s Municipal Liquidity Facility and the muni market for its upcoming $4 billion borrowing.

  2. As ESG interest grows, Moody's retires green bond assessments, transitions to affiliates for designations
    SourceMedia Bond Buyer | 03:47 PM EDT

    Ratings agencies, banks and asset managers are formulating strategies to address ESG as investors clamor for information.

  3. Without touching rating, S&P gives Chicago something to think about
    SourceMedia Bond Buyer | 03:45 PM EDT

    The city needs to continue meeting pension commitments and moving to structural budget balance despite the coronavirus pandemic, the rating agency said.

  4. California, New York and Texas deals dominate $16B new-issue calendar
    SourceMedia Bond Buyer | 03:31 PM EDT

    Municipals held firm Friday as the market gets set for another week of hefty supply. Citi anticipates $550 billion in 2021, led by surge in taxable issuance.

  5. MSRB floats a draft rule on solicitor muni advisors
    SourceMedia Bond Buyer | 01:00 PM EDT

    The board, at the first quarterly board meeting of its 2021 fiscal year, also voted to split its existing Nominating and Governance Committee into two.

  6. Westbury project furthers Long Island transit development thrust
    SourceMedia Bond Buyer | 10:35 AM EDT

    Officials from New York's MTA and the Long Island village are working on a project to build in what is now a commuter train station parking lot.

  7. De Blasio restores some housing plan capital funding
    SourceMedia Bond Buyer | 08:43 AM EDT

    New York's mayor is shifting $466 million to the current fiscal year?s capital budget to tackle affordable housing needs to offset some of his coronavirus-related cuts.

  8. Heritage Commerce Corp Reports Earnings of $11.2 Million for the Third Quarter of 2020
    GlobeNewswire | 10/22/20 05:53 PM EDT

    Heritage Commerce Corp (HTBK), the holding company for Heritage Bank of Commerce, today announced third quarter 2020 net income of $11.2 million, or $0.19 per average diluted common share, compared to $11.3 million, or $0.26 per average diluted common share, for the third quarter of 2019, and $10.6 million, or $0.18 per average diluted common share, for the second quarter of 2020.

  9. Coronavirus triggers a convention center hotel reserve draw
    SourceMedia Bond Buyer | 10/22/20 04:14 PM EDT

    The city of Myrtle Beach, South Carolina, will honor its backup pledge to replenish the Myrtle Beach Convention Center Hotel Corp.?s debt service reserve fund.

  10. Ala.?s $1.5B of social bonds price; Refinitiv Lipper sees $607M inflow
    SourceMedia Bond Buyer | 10/22/20 03:59 PM EDT

    Municipals were little changed on Thursday as the supply surge continued ahead of the U.S. elections.

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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