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  1. FOREX-Dollar holds near weekly high, sterling rises after inflation data
    Reuters | 07:12 AM EST

    * Dollar holds near a weekly high. * Sterling edges up as UK inflation hits 30-year high. By Joice Alves. The dollar held near a weekly high on Wednesday after a surge in U.S. yields resulted in sharp gains this week against the euro amid growing bets that the Federal Reserve will raise interest rates.

  2. U.S. mortgage interest rates climb for 4th straight week
    Reuters | 07:04 AM EST

    - The interest rate on the most popular U.S. home loan rose for a fourth straight week last week, with residential real estate borrowing costs now the highest in nearly two years as financial markets anticipate that the Federal Reserve will raise rates sooner and faster than previously expected to combat inflation.

  3. Sterling holds close to 23-month high against euro after UK CPI data
    Reuters | 05:44 AM EST

    * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. Sterling held close to a 23-month high against the euro and edged up against the dollar after higher-than-expected British inflation data added to pressure on the Bank of England to raise interest rates next month.

  4. PRECIOUS-Gold off one-week lows, U.S. rate hike bets cap gains
    Reuters | 05:40 AM EST

    * Global auto recovery to drive a pick-up palladium prices- Citi. * Markets eye Fed's Jan. 25-26 meeting. * Gold stuck in a range -analyst. By Swati Verma. Gold edged up on Wednesday, but moves were fairly contained as the market looked to U.S. Federal Reserve's next policy meeting where it is widely expected to raise rates in an attempt to quell surging inflation.

  5. Demand for Denmark's first green bond strong as it raises $762 million
    Reuters | 05:35 AM EST

    Denmark's first green bonds attracted heavy demand on Wednesday, allowing its central bank to sell 5 billion Danish crowns worth of the new debt, which is aimed at helping to fund the country's planned energy transition.

  6. UK inflation hits near 30-year high, pressuring BoE and households
    Reuters | 04:27 AM EST

    * CPI rises to 5.4% in December, highest since March 1992. * Bank of England seen raising interest rates next month. * Some signs of easing price pressures for manufacturers. By David Milliken and Andy Bruce.

  7. FOREX-Dollar holds near weekly high, sterling takes inflation data in stride
    Reuters | 04:04 AM EST

    * Dollar holds near a weekly high. * Sterling edges up as UK inflation hits 30-year high. By Joice Alves. The dollar held near a weekly high on Wednesday after a surge in U.S. yields resulted in sharp gains this week against the euro amid growing bets the Federal Reserve will raise interest rate.

  8. Sterling edges lower versus euro despite strong UK inflation data
    Reuters | 03:41 AM EST

    * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. Sterling edged lower versus the euro and was flat against a rising dollar on Wednesday, although Britain's more robust than expected inflation data added to pressure on the Bank of England to raise interest rates next month.

  9. UK inflation hits near 30-year high, pressuring BoE and households
    Reuters | 02:17 AM EST

    Inflation in Britain rose faster than expected to a near 30-year high in December, intensifying a squeeze on living standards and putting pressure on the Bank of England to raise interest rates again. The annual rate of consumer price inflation increased to 5.4% from November's 5.1%, the highest since March 1992, the Office for National Statistics said.

  10. Japan's 10-year bond yields fall as BOJ maintains rate targets
    Reuters | 12:44 AM EST

    Japan's benchmark 10-year bond yields fell on Wednesday, after the Bank of Japan kept its interest rate targets unchanged, though rising U.S. bond yields limited losses. The BOJ left unchanged a -0.1% target for short-term interest rates and a pledge to guide long-term rates around 0% at a two-day meeting that ended on Tuesday.

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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