News Results

  1. Court decision won't solve U.S. Virgin Islands' pension issues
    SourceMedia Bond Buyer | 04/19/21 04:22 PM EDT

    Moody's (MCO) says that the pension system will likely run out of money in fiscal year 2024.

  2. Munis quiet ahead of billion-dollar deals as part of week's bond bonanza
    SourceMedia Bond Buyer | 04/19/21 04:12 PM EDT

    The municipal market was steady Monday as the investors gear up for three separate billion-dollar deals heading to market from California, New York, and Connecticut issuers.

  3. Rep. Steve Stivers resignation leaves a gap in muni advocacy
    SourceMedia Bond Buyer | 04/19/21 02:41 PM EDT

    His departure comes as lawmakers are working quickly to put together an infrastructure bill, with hopes of including key municipal bond provisions.

  4. Alabama vows to move ahead on prison project after Barclays drops out
    SourceMedia Bond Buyer | 04/19/21 02:31 PM EDT

    The state said it would continue to move forward with the new prisons despite Barclays (BCS) departure amid controversy over the role of private firm CoreCivic.

  5. NTTA regains stable S&P outlook as revenues show recovery
    SourceMedia Bond Buyer | 04/19/21 12:03 PM EDT

    S&P Global Ratings lifted its outlook for the North Texas Tollway Authority as it prepares to refund $850 million of debt.

  6. Southwest's states prepare to fund broadband expansion
    SourceMedia Bond Buyer | 04/19/21 11:16 AM EDT

    Anticipating a flood of funding from President Biden's infrastructure plan, states are positioning for an expansion of broadband to rural and underserved areas.

  7. Connecticut and its agencies chart busy week of sales
    SourceMedia Bond Buyer | 04/19/21 11:00 AM EDT

    Transportation infrastructure, sustainability and affordable housing are in play in three different bond deals.

  8. BlackRock Announces Closing of Reorganizations of Six Municipal Closed-End Funds
    Business Wire | 04/19/21 09:00 AM EDT

    BlackRock Advisors, LLC today announced that the reorganizations of each of BlackRock Maryland Municipal Bond Trust (BZM), BlackRock Massachusetts Tax-Exempt Trust (MHE), BlackRock MuniYield Arizona Fund, Inc. (MZA), BlackRock MuniYield Investment Fund (MYF), BlackRock MuniEnhanced Fund, Inc. (MEN) and BlackRock MuniYield Quality Fund, Inc. (MQY) is effective as of the opening for business of the New York Stock Exchange on Monday...

  9. Munis put it in neutral ahead of $10B-plus calendar
    SourceMedia Bond Buyer | 04/16/21 03:57 PM EDT

    Sub-1% 10-year municipals and low ratios may test investor appetite for the asset class but it is hard to ignore the strong fundamentals and substantial fund flows in the backdrop.

  10. BRIEF-Fitch Rates Vermont's $151Mm GOs 'AA+'; Outlook Stable
    Reuters | 04/16/21 12:41 PM EDT

    * FITCH RATES VERMONT'S $151MM GOS 'AA+'; OUTLOOK STABLE Source text for Eikon:

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.