News Results

  1. GLOBAL MARKETS-Global stocks rebound despite unease over economy; dollar gains
    Reuters | 05/20/22 05:28 PM EDT

    * MSCI's ACWI posts longest losing streak since 1990. * Dollar gains as investors turn risk-averse. * U.S. Treasury yields slide as slowdown fears mount. * Oil gains as supply risks outweigh economic worries. * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Herbert Lash.

  2. BRIEF-S&P Says Slovakia Outlook Revised To Negative From Stable
    Reuters | 05/20/22 05:21 PM EDT

    * S&P SAYS SLOVAKIA OUTLOOK REVISED TO NEGATIVE FROM STABLE ON RISING ECONOMIC AND FISCAL RISKS; 'A+/A-1' RATINGS AFFIRMED. * S&P SAYS RUSSIA-UKRAINE CONFLICT WILL HAMPER SLOVAKIA'S ECONOMIC RECOVERY, PUSH UP INFLATION, AND TRIGGER PUBLIC SPENDING PRESSURE.

  3. BRIEF-S&P Says South Africa Outlook Revised To Positive
    Reuters | 05/20/22 05:20 PM EDT

    * S&P SAYS SOUTH AFRICA OUTLOOK REVISED TO POSITIVE ON RESILIENT EXTERNAL SECTOR; RATINGS AFFIRMED. * S&P SAYS FAVORABLE TERMS OF TRADE CONTINUE TO SUPPORT SOUTH AFRICA'S FISCAL AND EXTERNAL RECEIPTS. * S&P SAYS FLEXIBLE CURRENCY AND DEEP CAPITAL MARKETS ALONGSIDE SOUTH AFRICA'S NET EXTERNAL CREDITOR POSITION WILL HELP CUSHION THE EXTERNAL RISKS.

  4. Moody's downgrades Ukraine to "Caa3"
    Reuters | 05/20/22 04:52 PM EDT

    Moody's on Friday downgraded Ukraine's rating to "Caa3" from "Caa2" owing to increased risks to the government's debt sustainability following continued effects of Russia's invasion. The agency changed Ukraine's outlook to negative, citing uncertainty around the evolution of the war.

  5. TREASURIES-U.S. yields slide for third day as slowdown fears mount
    Reuters | 05/20/22 04:00 PM EDT

    U.S. Treasury yields fell for a third straight session on Friday, with benchmark 10-year yields hitting fresh three-week lows, as investors grew concerned about increasing signs of an economic ...

  6. Speculators raise bearish bets on two-, 10-year Treasury futures
    Reuters | 05/20/22 03:52 PM EDT

    Speculators raised their bearish bets on two- and 10-year Treasury note futures in the latest week, with shorts on two-year notes rising to the highest level since July, Commodity Futures Trading ...

  7. Global stocks rebound despite unease over economy; dollar gains
    Reuters | 05/20/22 03:52 PM EDT

    Global equity markets rebounded after the S&P 500 pared losses that briefly took it into bear market territory, and the dollar gained on Friday, as investor unease about Federal Reserve policy tightening to curb inflation kindled fears of a recession.

  8. GLOBAL MARKETS-Stocks turn south on Fed-induced slowdown fears, dollar gains
    Reuters | 05/20/22 03:50 PM EDT

    * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Herbert Lash. The S&P 500 neared bear market territory and the dollar strengthened on Friday as investor unease about Federal Reserve policy tightening to clamp down on inflation kindled fears of a recession.

  9. Wall St Week Ahead-As bear market looms, battered Wall St seeks elusive 'Fed put'
    Reuters | 05/20/22 01:53 PM EDT

    The Federal Reserve's determination to raise interest rates until it squashes the highest inflation in decades is darkening the outlook across Wall Street, as U.S. stocks stand on the cusp of a bear market and warnings of a recession grow louder.

  10. Bear market beckons as stock volatility continues in 2022
    Reuters | 05/20/22 01:37 PM EDT

    The stock market's brutal year neared a grim milestone as the S&P 500's slide on Friday threatened to leave it in a bear market for the first time since March 2020, fueled by worries over sky high inflation, a hawkish Federal Reserve and future economic growth.

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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