Fixed Income, Bonds & CDs
Understanding Bonds
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Fidelity Capital Markets Fixed Income Insights
In-depth market perspectives and investment insights from Fidelity's market strategists.
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Bond Pricing
Do you know how much your broker charges for bond trading?
At Fidelity, our bond pricing is clear, transparent, and low.
Compare our prices to the competition
We'll show you how to use MSRB and TRACE date to get real-time insights on the secondary market.
Outside Contributors
- Municipal Securities Rulemaking Board (MSRB)
- U.S. Securities and Exchange Commission (SEC) – EDGAR
- FINRA
- Fixed Income News
Fidelity Capital Markets is a division of National Financial Services LLC, a Fidelity Investments company and a member of NYSE and SIPC.
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, liquidity risk, call risk, and credit and default risks for both issuers and counterparties. High-yield/non-investment-grade bonds involve greater price volatility and risk of default than investment-grade bonds. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss. Your ability to sell a CD on the secondary market is subject to market conditions. If your CD has a step rate, the interest rate of your CD may be higher or lower than prevailing market rates. The initial rate on a step rate CD is not the yield to maturity. If your CD has a call provision, which many step rate CDs do, please be aware the decision to call the CD is at the issuer's sole discretion. Also, if the issuer calls the CD, you may be confronted with a less favorable interest rate at which to reinvest your funds. Fidelity makes no judgment as to the credit worthiness of the issuing institution.
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