News Results

  1. FOREX-Dollar firms as Mideast worries cast shadow, Norges Bank delivers surprise cut
    Reuters | 05:48 AM EDT

    * Middle East tensions dampen sentiment; dollar firms on safe-haven demand. * SNB cuts interest rates to zero. * Norges Bank delivers surprise 25 bps cut. * Bank of England expected to hold rates steady. * Powell warns on inflation risks from tariffs. By Ankur Banerjee and Lucy Raitano.

  2. EMERGING MARKETS-EM stocks, FX hit two-week low as Iran-Israel conflict fuels risk aversion
    Reuters | 05:43 AM EDT

    * Turkey central bank expected to hold rates steady. * Indonesia's central bank intervenes in FX market. * EM assets hit by risk-off mood as Iran-Israel conflict rages on. By Medha Singh. Emerging market stocks and currencies hit a two-week low on Thursday against a stronger dollar as the escalating Israel-Iran conflict drove investors toward safe-haven assets.

  3. Exclusive-Syria completes first global SWIFT transfer since war, governor says
    Reuters | 05:33 AM EDT

    Syria has carried out its first international bank transaction via the SWIFT system since the outbreak of its 14-year civil war, its central bank governor said on Thursday, a milestone in Syria's push to reintegrate into the global financial system.

  4. SNB Chairman: hurdle to further cut interest rates is much higher when we are at zero
    Reuters | 05:13 AM EDT

    SNB Chairman: hurdle to further cut interest rates is much higher when we are at zero SNB Chairman: typically forex interventions are in the most liquid markets, in dollar and euro.

  5. China's 618 shopping fest sets record, but daily spending slips
    Reuters | 04:58 AM EDT

    * * Retail sales growth in May driven by early 618 start. * Subsidy suspension may impact June retail sales, analysts say. By Sophie Yu and Casey Hall. China's largest mid-year shopping festival, 618, ended on Wednesday with record sales, though daily spending dropped amid an extended sales period aimed at enticing consumers to part with more of their hard-earned money.

  6. Exclusive-Syria made first direct international bank transfer via SWIFT since war, central bank governor says
    Reuters | 04:51 AM EDT

    Syria this week carried out its first international bank transfer via the SWIFT international payment system since the outbreak of the country's 14-year civil war, central bank governor Abdelkader Husriyeh said on Thursday, a milestone in Syria's push to reintegrate into the global financial system.

  7. PRECIOUS-Gold eases as Fed signals slower policy easing, platinum scales 10-year high
    Reuters | 04:41 AM EDT

    * * Israel attacks Iranian nuclear sites. * Iranian missile damages Israeli hospital. * Platinum at over 10-year high. By Anushree Mukherjee. June 19 - Gold prices edged down on Thursday, after the U.S. Federal Reserve signalled a hawkish interest rate outlook, while platinum scaled its highest level since September 2014 on speculative buying.

  8. Norway central bank cuts rates in surprise move, eyes further reduction
    Reuters | 04:18 AM EDT

    Norway's central bank cut its policy interest rate by 25 basis points to 4.25% on Thursday and said there were more cuts to come due to a more benign inflation outlook, a decision that took most analysts by surprise and weakened the currency.

  9. Norway central bank cuts rates in surprise move, eyes further reduction
    Reuters | 04:06 AM EDT

    * Norway trims rate to 4.25% in first cut since 2020. * Central bank plans to cut again this year. * Says inflation has come down faster than expected. * Most analysts had predicted rates would stay on hold. * Currency weakens against the euro, then recovers. By Terje Solsvik.

  10. Norway central bank cuts rates for the first time in 5 years, in surprise move
    Reuters | 04:02 AM EDT

    Norway's central bank cut its policy interest rate by 25 basis points to 4.25% on Thursday, its first reduction of borrowing costs in five years, in a decision that took most analysts by surprise.

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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