News Results

  1. UK PM Truss says cabinet was not informed of plans to scrap top rate of tax
    Reuters | 04:21 AM EDT

    British Prime Minister Liz Truss said on Sunday her cabinet of top ministers was not informed in advance that the government planned to abolish the top rate of tax, adding it was a decision taken by finance minister Kwasi Kwarteng. "No, we didn't, this was a decision that the chancellor made," Truss told the BBC when asked whether all of her cabinet were told of the planned scrapping.

  2. Analysis-Under water: how the Bank of England threw markets a lifeline
    Reuters | 01:07 AM EDT

    Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday. Wild gyrations in financial markets in response to a government "mini-budget" on Sept. 23 meant that swathes of Britain's pension system were at risk, raising widespread concerns about the country's financial stability.

  3. Analysis-Under water: how the Bank of England threw markets a lifeline
    Reuters | 01:07 AM EDT

    Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday. Wild gyrations in financial markets in response to a government "mini-budget" on Sept. 23 meant that swathes of Britain's pension system were at risk, raising widespread concerns about the country's financial stability.

  4. Swiss franc not highly valued - SNB's Jordan
    Reuters | 09/30/22 11:35 PM EDT

    The Swiss franc is not highly valued despite its nominal rise, Swiss National Bank Chairman Thomas Jordan told a Swiss newspaper, adding the central bank intended to be deliberately vague about how it sees the safe-haven currency. "In the past, we referred to the Swiss franc as being highly valued or even significantly overvalued in order to give a signal regarding the need for intervention.

  5. BRIEF-Moody's Downgrades Ghana's Rating To Caa2 And Places It On Review For Downgrade
    Reuters | 09/30/22 05:44 PM EDT

    * MOODY'S DOWNGRADES GHANA'S RATING TO CAA2 AND PLACES IT ON REVIEW FOR DOWNGRADE. * MOODY'S DOWNGRADES GHANA'S RATING TO CAA2 AND PLACES IT ON REVIEW FOR DOWNGRADE. * MOODY'S SAYS GHANA'S RATING DOWNGRADE TO CAA2 REFLECTS RECENT MACROECONOMIC DETERIORATION, FURTHER HEIGHTENING GOVERNMENT'S LIQUIDITY.

  6. TREASURIES-Yields rise as Fed officials vow to fight hot inflation
    Reuters | 09/30/22 04:45 PM EDT

    Treasury yields rose on Friday in a volatile week rocked by a Bank of England intervention that sent bond prices soaring only to later slip after a raft of Federal Reserve officials insisted U.S.

  7. GLOBAL MARKETS-Inflation punches Wall Street again, ending knock-down quarter
    Reuters | 09/30/22 04:27 PM EDT

    * More pain for stocks; S&P500 down nearly 5% in Q3. * Dollar flat, sterling rises after week of turmoil. * Treasury yields tick up, stay near highs for year. * Oil prices retreat. By Lawrence Delevingne.

  8. TREASURIES-Yields little changed as Fed officials vow to fight hot inflation
    Reuters | 09/30/22 02:35 PM EDT

    U.S. Treasury yields were little changed on Friday after a volatile week rocked by a Bank of England intervention that sent bond prices soaring only to later slip as Federal Reserve officials ...

  9. Barkin: Risk of inflation 'festering' worse than of Fed overdoing rate increases
    Reuters | 09/30/22 02:03 PM EDT

    "Festering" inflation remains a bigger threat to the economy than the risks of Federal Reserve rate hikes going too far and causing unnecessary damage in the effort to control it, Richmond Fed President Thomas Barkin said on Friday.

  10. GLOBAL MARKETS-Lingering inflation keeps Wall Street muted to end brutal quarter
    Reuters | 09/30/22 02:01 PM EDT

    * Dollar flat, sterling ticks up after week of turmoil. * Treasury yields little changed. * Oil prices retreat. By Lawrence Delevingne. Wall Street and global stocks made up little ground on Friday, with government bond yields and the dollar holding near recent peaks, as higher-than-expected inflation continued to weigh on markets.

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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