News Results

  1. NY Fed's Williams: Emergency lending programs could be started if needed- WSJ
    Reuters | 12:41 PM EST

    The emergency lending facilities set up by the Federal Reserve to stabilize markets in the spring were successful and could be restarted later if needed after they expire at year end, New York Federal Reserve Bank President John Williams said Tuesday.

  2. TREASURIES-Longer-term yields rise further as investors embrace risk
    Reuters | 12:31 PM EST

    U.S. Treasury yields on the longer end of the curve extended their rise on Tuesday as investors rushed to riskier investments, including soaring stocks.

  3. David Dinkins, New York?s first Black mayor, dies at 93
    SourceMedia Bond Buyer | 12:16 PM EST

    He was remembered for an even-handed persona amid a tumultuous term from 1990 to 1993.

  4. Pennsylvania use of coronavirus relief to backfill budget raises stir
    SourceMedia Bond Buyer | 11:55 AM EST

    Lawmakers choose a scoop-and-toss move despite calls for better targeting of the federal funds.

  5. U.S. consumer confidence slips; house prices surge
    Reuters | 11:32 AM EST

    U.S. consumer confidence fell more than expected in November amid a widespread resurgence in new COVID-19 infections and business restrictions, reinforcing expectations for a sharp slowdown in economic growth in the fourth quarter. The survey from the Conference Board on Tuesday followed on the heels of reports this month showing a moderation in job growth and retail sales in October.

  6. U.S. consumer confidence ebbs; house prices surge
    Reuters | 11:25 AM EST

    * Consumer confidence index falls 5.3 pts to 96.1 in November. * House prices increase 6.6% year-on-year in September. By Lucia Mutikani. U.S. consumer confidence fell more than expected in November amid a widespread resurgence in new COVID-19 infections and business restrictions, reinforcing expectations for a sharp slowdown in economic growth in the fourth quarter.

  7. Accelerating Rally in Oil Prices Signals Optimism About Global Growth
    | 11:09 AM EST

    A recent rise in oil prices continued Tuesday, putting crude on track for its highest close since early March with investors wagering on a brighter economic outlook and higher demand for fuel. U.S. crude-oil futures for January delivery advanced 2.9% to $44.32 a barrel, rallying for the sixth time in seven sessions and eclipsing their peak closing level from late August. Oil started the year above $60, briefly tumbled below $0 for the first time ever in April as coronavirus...

  8. Erdogan's snap economic rethink prompted by bleak briefings -Turkish sources
    Reuters | 11:05 AM EST

    * President warned of "major" unemployment wave in briefings. * Central bank chief ousted, then finance minister resigned. * Quick pivot after Biden election and before new virus curbs. By Orhan Coskun and Jonathan Spicer.

  9. Indicators show consumers expect conditions to worsen in the next six months
    SourceMedia Bond Buyer | 10:52 AM EST

    The consumer confidence index suggested expectations have slipped, and the Richmond Fed's services survey also offered a dim view ahead.

  10. U.S. Consumer Confidence Drops Further in November Amid Rise in Covid-19 Cases -- Update
    | 10:47 AM EST

    Consumers' views of the economic outlook soured in November as coronavirus cases soared across the country, according to survey data released Tuesday. The Conference Board, a private research group, said its index of consumer confidence fell to 96.1 this month, from a revised 101.4 in October. Economists surveyed by The Wall Street Journal had expected a reading of 98.0.

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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