News Results

  1. Amid rising debt, New York MTA aims to keep accessibility promises
    SourceMedia Bond Buyer | 11:38 AM EDT

    The Metropolitan Transportation Authority pledged in a legal settlement to devote nearly 15% of its capital plan to make more of its facilities accessible.

  2. Munis sell off after Fed indicates rates will be higher for longer
    SourceMedia Bond Buyer | 09/21/23 03:59 PM EDT

    The general bias toward muni rates is that they would be a bit higher with technicals "being a little less supportive than they were in August, plus what we heard with from the Fed 'higher for longer,' and potentially another hike," said Jeff MacDonald, head of Fixed Income Strategies at Fiduciary Trust International.

  3. Morgan Stanley sued over Brightline deal by private equity firms
    SourceMedia Bond Buyer | 09/21/23 03:18 PM EDT

    The private equity firms accused the bank of concealing key changes to a credit agreement, in part because it wanted to win future muni bond business from Brightline Holdings.

  4. Form 24F-2NT BLACKROCK MUNICIPAL BOND For: Jun 30
    EDGAR SEC Filings | 09/21/23 02:40 PM EDT

    http://archive.fast-edgar.com/20230921/AQ2TU222Z222V242222K2W42LEMWZD22B252 Filed on: September 21, 2023.

  5. Flush revenues allow states to cash in bonds
    SourceMedia Bond Buyer | 09/21/23 02:21 PM EDT

    State and local governments showing strength in a time of financial uncertainty

  6. 2023 Deal of the Year and Freda Johnson award nominations are open
    SourceMedia Bond Buyer | 09/21/23 02:19 PM EDT

    Submissions must be received no later than Friday, Oct. 20 for consideration for Deal of the Year awards; for the Freda Johnson awards, the deadline is Friday, Sept. 29.

  7. San Francisco struggles to regain ground post-pandemic
    SourceMedia Bond Buyer | 09/21/23 01:08 PM EDT

    The city ranks last among 32 U.S. cities in an index that tracks secondary market prices for general obligation bond debt.

  8. Eight big banks must face US cities' bond collusion claims
    Reuters | 09/21/23 12:49 PM EDT

    A U.S. federal judge on Thursday said American cities may pursue class-action claims accusing eight large banks of driving up interest rates they paid on a popular municipal bond.

  9. KBRA Releases Rating Report for Metropolitan Pier and Exposition Authority (Illinois) McCormick Place Expansion Project Refunding Bonds, Series 2023A and 2023B
    Business Wire | 09/21/23 12:46 PM EDT

    On September 20, 2023, KBRA assigned a long-term rating of AA- to the Metropolitan Pier and Exposition Authority McCormick Place Expansion Project Refunding Bonds, Series 2023A and McCormick Place Expansion Project Refunding Bonds, Series 2023B. To access rating and relevant documents, click here. Click here to view the report.

  10. Eight big banks must face US cities' bond collusion claims
    Reuters | 09/21/23 12:44 PM EDT

    A U.S. federal judge on Thursday said American cities may pursue class-action claims accusing eight large banks of driving up interest rates they paid on a popular municipal bond.

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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