News Results

  1. US STOCKS-Wall St tumbles as yield spike hits tech, banks slump after Goldman miss
    Reuters | 02:14 PM EST

    * Goldman shares drop 7% as profit hit by weaker trading. * Benchmark U.S. Treasury yields jump to two-year highs. * Activision soars on $68.7 billion Microsoft (MSFT) deal. * Indexes down: Dow 1.45%, S&P 1.73%, Nasdaq 2.24% By Lewis Krauskopf, Bansari Mayur Kamdar and Shreyashi Sanyal.

  2. GLOBAL MARKETS-Jump in Treasury yields slams equity markets, notably tech
    Reuters | 11:32 AM EST

    * Oil hits seven-year high after attacks on UAE. * Bond yield continues to drive higher. * Rate-sensitive tech stocks keep share markets in the red. * Russia and Ukraine markets steady after heavy selloff. By Herbert Lash and Marc Jones.

  3. Sterling hits week low as dollar strength, political risk weigh
    Reuters | 11:24 AM EST

    * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. Sterling fell to its lowest level in a week against the dollar on Tuesday as a jump in U.S. Treasury yields boosted the greenback and speculation about the fate of Boris Johnson's premiership also weighed on the British currency.

  4. BlackRock's Fink says 'aggressive' Fed could lead to flattening yield curve - CNBC
    Reuters | 11:22 AM EST

    - A fast pace of monetary policy readjustment to curb rampant inflation could lead to a flattening of the U.S. Treasuries yield curve, said Larry Fink, chief of the world's biggest asset manager, BlackRock Inc. (BLK) "I think the yield curve is going to be flattening, you know, and I can even see if the Federal Reserve is very aggressive, I can see a, you know, a negative yield curve", Fink told CNBC...

  5. BlackRock's Fink says 'aggressive' Fed could lead to flattening yield curve - CNBC
    Reuters | 11:10 AM EST

    A fast pace of monetary policy readjustment to curb rampant inflation could lead to a flattening of the U.S. Treasuries yield curve, said Larry Fink, chief of the world's biggest asset manager, BlackRock Inc (BLK) . "I think the yield curve is going to be flattening, you know, and I can even see if the Federal Reserve is very aggressive, I can see a, you know, a negative yield curve", Fink told CNBC ...

  6. FOREX-Dollar at one-week high, lifted by U.S. yields; yen steadies
    Reuters | 11:09 AM EST

    The dollar rose to a one-week high on Tuesday following a jump in benchmark U.S. Treasury yields, while the yen steadied after initially sliding as the Bank of Japan said it would stick to its ...

  7. PRECIOUS-Gold slips on stronger dollar, yields as focus turns to Fed meet
    Reuters | 10:29 AM EST

    * 10-year U.S. Treasury yields hit two-year high. * Gold could trade in $1,780-$1,830 range after first rate hike - analyst. * Dollar ticks up to 1-week high. By Kavya Guduru. Gold prices fell on Tuesday, as the dollar and U.S. Treasury yields strengthened with investors turning their attention to next week's Federal Reserve policy meeting for more signals on its rate hike timeline.

  8. TREASURIES-Yields hit two-year highs on more hawkish Fed
    Reuters | 10:10 AM EST

    Benchmark U.S. Treasury yields jumped to two-year highs and two-year yields breached 1% on Tuesday as traders prepared for the Federal Reserve to be more aggressive in tackling unabated inflation.

  9. CANADA STOCKS-Toronto index slides as technology stocks weigh
    Reuters | 09:52 AM EST

    Canada's main stock index fell on Tuesday, hurt by a sell-off in technology stock triggered by higher U.S. Treasury yields following the biggest jump in oil prices in seven years. At 9:38 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 197.75 points, or 0.92%, at 21,339.7, erasing previous session's gains.

  10. EMERGING MARKETS-Weak economic data pulls Mexico's peso from two-month highs
    Reuters | 09:50 AM EST

    Mexico's peso retreated from two-month highs on Tuesday on downbeat economic growth data, while broader emerging market peers were pressured by rising U.S. Treasury yields and a stronger dollar.

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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