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New York Fed says as of January reserve levels still abundantBY Reuters | ECONOMIC | 01/16/25 10:21 AM ESTBy Michael S. Derby NEW YORK, Jan 16 (Reuters) - The Federal Reserve Bank of New York released data Thursday that suggest it faces no imminent pressure to stop the process of shrinking the size of its balance sheet. The bank said that its Reserve Demand Elasticity measure essentially held steady as of January 7 at a -0.04 reading. (Reporting by Michael S. Derby) More Fixed Income News
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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