News Results

  1. US credit spreads widen on political jitters, Treasuries rally
    Reuters | 06/21/24 12:39 PM EDT

    The spreads between U.S. investment-grade corporate bond yields and U.S. Treasuries have surged to their highest in over three months, in a sign of risk aversion due to political uncertainty in France and as U.S. government bonds rallied. Spreads indicate the premium investors demand to hold corporate bonds rather than safer government securities.

  2. BRIEF-Fitch Ratings Says US Health Insurers To Withstand Elevated Medicaid Utilization Rates
    Reuters | 06/21/24 11:42 AM EDT

    * FITCH RATINGS: US HEALTH INSURERS TO WITHSTAND ELEVATED MEDICAID UTILIZATION RATES. * FITCH: SHORT-TERM MARGIN PRESSURE SHOULD EMERGE IN US MEDICAID LINE OF BUSINESS Source text for Eikon: Further company coverage: [ ]

  3. BRIEF-Nextracker Entered Amendment To Credit Agreement
    Reuters | 06/21/24 10:51 AM EDT

    Nextracker Inc (NXT): * NEXTRACKER (NXT)- CO, NEXTRACKER LLC ENTERED AMENDMENT TO CREDIT AGREEMENT WHICH AMENDED CREDIT AGREEMENT, DATED FEB 13, 2023. * NEXTRACKER (NXT)- AMENDMENT AMENDED CREDIT AGREEMENT TO INCREASE AGGREGATE REVOLVING COMMITMENTS FROM $500.0 MILLION TO $1.0 BILLION. * Nextracker Inc (NXT) - AMENDMENT AMENDED CREDIT AGREEMENT TO PROVIDE FOR A $1.0 BILLION SECURED DEBT BASKET FOR SURETY BONDS.

  4. BRIEF-XP Announces Commencement Of Cash Tender Offer
    Reuters | 06/20/24 09:46 AM EDT

    XP Inc (XP): * XP Inc (XP). ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER FOR ANY AND ALL OF THE OUTSTANDING U.S.$736,435,000 AGGREGATE PRINCIPAL AMOUNT OF 3.250% SENIOR UNSECURED NOTES DUE 2026 Source text for Eikon: Further company coverage:

  5. BRIEF-S&P Affirms Rating on Vietnam At 'BB+/B'; Outlook Stable
    Reuters | 06/20/24 06:21 AM EDT

    S&P Global Ratings: * S&P: VIETNAM RATINGS AFFIRMED AT 'BB+/B'; OUTLOOK STABLE Source text for Eikon:

  6. Hong Kong's FWD to raise $600 mln in 7-yr subordinated dollar bond, term sheet shows
    Reuters | 06/19/24 08:48 PM EDT

    Hong Kong-based insurer FWD Group is raising $600 million from the sale of a 7-year subordinated dollar bond, according to a term sheet seen by Reuters on Thursday. The initial price guidance given to investors is Treasuries plus 380 basis points, the term sheet said. FWD said in an exchange filing the proceeds would be used to refinance existing debt and general corporate purposes.

  7. BRIEF-Veren Announces Offering Of Investment-Grade Senior Notes
    Reuters | 06/19/24 05:47 PM EDT

    Veren Inc (VRN): * VEREN ANNOUNCES OFFERING OF INVESTMENT-GRADE SENIOR NOTES. * VEREN-PRICED OFFERING OF CDN$1.0BLN PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES,CONSIST OF CDN$550 MILLION OF 4.968% 5-YEAR NOTES PRICED AT PAR,DUE JUNE 2029.

  8. BRIEF-Diana Shipping Inc. Announces Pricing Of Us$150 Million Senior Unsecured Bond Offering
    Reuters | 06/18/24 06:04 PM EDT

    Diana Shipping Inc (DSX): * Diana Shipping Inc (DSX). ANNOUNCES PRICING OF US$150 MILLION SENIOR UNSECURED BOND OFFERING Source text for Eikon: Further company coverage:

  9. BRIEF-W. P. Carey Inc. Announces Pricing Of $400 Million Of Senior Unsecured Notes
    Reuters | 06/18/24 05:00 PM EDT

    WP Carey Inc (WPC): * W. P. CAREY INC. ANNOUNCES PRICING OF $400 MILLION OF SENIOR UNSECURED NOTES. * WP Carey Inc (WPC): PRICED AN UNDERWRITTEN PUBLIC OFFERING OF $400 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.375% SENIOR NOTES DUE 2034 Source text for Eikon: Further company coverage:

  10. LatAm allocation a 'must' for portfolios, UBS EM Americas CIO says
    Reuters | 06/18/24 01:45 PM EDT

    - A spate of political reforms and economic cycles has elevated Argentinian dollar-denominated sovereign bonds and Latin American corporate bonds to rank among key "areas of interest," the chief investment officer of emerging markets Americas at UBS Global Wealth Management said. "It is a mistake to overlook LatAm," Alejo Czerwonko told the Reuters Global Markets Forum on Monday.

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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