BRIEF-Moody's Says Omicron Variant Poses Hurdles To Global Recovery As New Restrictions Take Effect

BY Reuters | ECONOMIC | 11/30/21 12:10 PM EST

Nov 30 (Reuters) - Moody's:

* MOODY'S SAYS OMICRON VARIANT POSES HURDLES TO GLOBAL RECOVERY AS NEW RESTRICTIONS TAKE EFFECT

* MOODY'S SAYS EMERGENCE OF THE OMICRON VARIANT OF THE CORONAVIRUS POSES NEW RISKS TO THE GLOBAL ECONOMIC GROWTH AND INFLATION OUTLOOK

* MOODY'S SAYS AT THIS TIME, WE ARE MAINTAINING THE G-20 MACROECONOMIC FORECASTS WE PUBLISHED IN EARLY NOVEMBER

* MOODY'S - EMERGENCE OF NEW VARIANT COMES DURING PERIOD OF FRAGILE ECONOMIC RECOVERY, WITH STRETCHED SUPPLY CHAINS, ELEVATED INFLATION, LABOR MARKET SHORTAGES

* MOODY'S SAYS ADVANCED ECONOMIES ARE IN A BETTER POSITION TO FACE THE CHALLENGES THAT THE NEW VARIANT POSES THAN ARE EMERGING MARKET COUNTRIES

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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