News Results

  1. BoE's Tenreyro says gilt sales unlikely to have big economic impact
    Reuters | 01:45 PM EDT

    Active sales from the Bank of England's more than 800 billion pounds of government bond holdings are unlikely to have a material economic impact, Bank of England policymaker Silvana Tenreyro said on Tuesday. "I wouldn't expect the effect of the unwind, of QT, to have a material impact on the economy.

  2. Euro falling towards parity pain point
    Reuters | 12:49 PM EDT

    A stampede for dollars as global recession risks mount has left other currencies battered and bruised, with the euro getting trampled on more than most as surging European gas prices worsen economic growth fears. Analysts predict the single currency, which on Tuesday hit its weakest since 2002, will soon fall to parity.

  3. Tunisian phosphate output exceeded 2 mln tonnes in first half of 2022
    Reuters | 12:28 PM EDT

    Tunisia's phosphate output exceeded 2 million tonnes in first half of 2022, the first time it reached that level in a decade, rising from 1.3 million tonnes in the same period of 2021, state-run Gafsa Phosphate said on Tuesday. The North Africa country wants to regain its position as a leading exporter to take advantage of a sharp increase in fertiliser prices due to the war in Ukraine.

  4. GLOBAL MARKETS-Euro slides to two-decade low, equities sink as recession fears intensify
    Reuters | 11:53 AM EDT

    * Euro back at 2002 levels after gas price surge, weak data. * Wall St equities dip, U.S. Treasury yields tumbled. * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Sin?ad Carew.

  5. Brazil's industrial output rises in May but below estimates
    Reuters | 10:56 AM EDT

    Industrial output in Brazil rose 0.3% in May from April, government statistics agency IBGE said on Tuesday, the fourth consecutive monthly increase but below market expectations of a 0.7% rise. According to IBGE, the four-month uptick might be related to government stimulus measures such as releasing money from severance funds and bringing forward bonus payments for retired people.

  6. BRIEF-Bank of Canada to auction C$12 billion of T-bills on July 19
    Reuters | 10:44 AM EDT

    * BANK OF CANADA TO AUCTION C$12 BILLION OF T-BILLS ON JULY 19, PRELIMINARY CALL FOR TENDERS SHOWS. * BANK OF CANADA TO SELL C$6.9 BILLION 98-DAY T-BILLS, C$2.55 BILLION 182-DAY T-BILLS, C$2.55 BILLION 364-DAY T-BILLS Source text for Eikon: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/regular-treasury-bills/

  7. TREASURIES-Yields tumble as recession fears mount
    Reuters | 09:35 AM EDT

    Benchmark U.S. Treasury yields tumbled on Tuesday and a key part of the yield curve inverted for the first time in three weeks as concerns about economic growth dented risk appetite and increased ...

  8. Ireland should set aside part of 2022 budget surplus - deputy PM
    Reuters | 08:38 AM EDT

    Ireland should set aside some of the budget surplus it expects to post this year to fund future pensions or to start refilling its currently empty contingency reserve fund, Deputy Prime Minister Leo Varadkar said on Tuesday.

  9. BRIEF-Oryzon Announces A New Financing Through A Convertible Bond Program For A Total Amount Up To ?20 Million Over 30 Months
    Reuters | 08:24 AM EDT

    Oryzon Genomics SA: * ORYZON ANNOUNCES A NEW FINANCING THROUGH A CONVERTIBLE BOND PROGRAM FOR A TOTAL AMOUNT UP TO ?20 MILLION OVER 30 MONTHS. * ORYZON GENOMICS SA - FUNDING PROVIDED BY NICE & GREEN SA, A SWISS INSTITUTIONAL INVESTOR.

  10. Brazil's industrial output rises in May but below estimates
    Reuters | 08:13 AM EDT

    Industrial output in Brazil rose 0.3% in May from April, government statistics agency IBGE said on Tuesday, the fourth consecutive monthly increase but below market expectations of a 0.7% rise. According to IBGE, the four-month uptick might be related to government stimulus measures such as releasing money from severance funds and bringing forward bonus payments for retired people.

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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