You have indicated that you want to purchase a security or securities that (i) will have a negative yield at the offered price, (ii) will have a negative yield when including Fidelity's mark-up, or (iii) could have a negative yield if the security is called prior to maturity. Fidelity does not suggest, endorse, or solicit a purchase of a negative-yielding security.
It is important to understand the following before proceeding with your purchase of this security:
- For new-issue zero-coupon securities, a negative yield results when you pay a premium for the security.
- For interest-bearing securities and zero-coupon securities purchased in the secondary market, a negative yield results when the premium (including, where applicable, Fidelity's mark-up) exceeds the interest you will earn over the security's remaining lifetime. For callable securities, a negative yield results when the security's premium (including, where applicable, Fidelity's mark-up) exceeds the interest you will earn during the time you own the security.
- If you buy a security with a negative yield and you hold it until maturity, you will lose money on your investment.
- If you buy a callable security and that security has a negative yield at the time it is called, you will lose money on your investment.
- If you buy a security with a negative yield and sell it before maturity, you will lose money unless you are able to sell the security for an amount that covers the premium you paid less any interest you earned during the time you owned the security.
By proceeding with your order and clicking I Agree below, you are indicating that you have read and understand this information and agree to the following:
- You are aware of the risk of loss when purchasing a security with a negative yield.
- Neither Fidelity nor a Fidelity representative recommended or solicited this purchase, and you have not relied on Fidelity or any Fidelity representative for advice regarding this purchase.
Choose from 100,000 new issue and secondary market bonds and CDs, and over 150,000 total offerings quotations when including our depth of book. Only $1 per bond mark-up/mark-down for secondary bond trading, $0 for US Treasuries online.
GUARANTEED RATES FOR DEFERRED FIXED ANNUITIES
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The numerical percentage values represent the highest or median annualized yields for each category based on offerings that may be available. Visit Products > Fixed Income, Bonds & CDs to read more about the advantages and risks of brokered CDs and the different bond types listed.
Separately managed accounts
Separately managed accounts (SMAs) are professionally managed portfolios generally made up of individual securities that can be personalized around your needs while focusing on a targeted investment objective. Connect with a Fidelity advisor to learn more about SMAs.
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Minimum markup or markdown of $19.95 applies if traded with a Fidelity representative. For U.S. Treasury purchases traded with a Fidelity representative, a flat charge of $19.95 per trade applies. A $250 maximum applies to all trades, reduced to a $50 maximum for bonds maturing in one year or less. Rates are for U.S. dollar-denominated bonds; additional fees and minimums apply for non-dollar bond trades. Other conditions may apply; see Fidelity.com/commissions for details. Please note that markups and markdowns may affect the total cost of the transaction and the total, or "effective," yield of your investment. The offering broker, which may be our affiliate, National Financial Services LLC, may separately mark up or mark down the price of the security and may realize a trading profit or loss on the transaction.
Tax-smart (i.e., tax-sensitive) investing techniques, including tax-loss harvesting, are applied in managing certain taxable accounts on a limited basis, at the discretion of the portfolio manager, primarily with respect to determining when assets in a client's account should be bought or sold. Assets contributed may be sold for a taxable gain or loss at any time. There are no guarantees as to the effectiveness of the tax-smart investing techniques applied in serving to reduce or minimize a client's overall tax liabilities, or as to the tax results that may be generated by a given transaction.
Diversification and asset allocation do not ensure a profit or guarantee against loss.
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. Lower-quality fixed income securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Foreign investments involve greater risks than U.S. investments, and can decline significantly in response to adverse issuer, political, regulatory, market, and economic risks. Any fixed-income security sold or redeemed prior to maturity may be subject to loss.
Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal.
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The Matching CUSIPs figure is an approximation and may vary from the total results figure provided on the Search Results page.
The Matching CUSIPs figure includes only the best offer side quotations for each of the displayed CUSIPs. It does not include any depth of book offerings for those CUSIPs.