News Results

  1. GLOBAL MARKETS-Stocks gain, US treasury yields rise as banking fear eases
    Reuters | 03/27/23 10:29 PM EDT

    Global stocks and U.S. bond yields rose on Tuesday, as a U.S. regulator-backed deal by First Citizens BancShares to buy failed Silicon Valley Bank soothed wider worries about problems in the sector. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.3% by early morning Hong Kong time.

  2. Long-Term Treasuries Suffer Worst Day In 2023 As Markets Rethink Fed Policy Path
    | 03/27/23 05:02 PM EDT

    The acquisition of Silicon Valley Bank by First Citizens BancShares Inc ?and rumors of?a U.S.?government's extension of emergency lending arrangements provided relief to markets and the?banking sector on Monday. But it also resulted in significant shocks in Fed interest rate expectations and Treasuries' price action.

  3. GLOBAL MARKETS-Wall St equities gain, Treasury yields rise as bank worries ease
    Reuters | 03/27/23 03:43 PM EDT

    * Dow and S&P up, Nasdaq lags with rate hikes in focus. * Oil prices rally while gold falls. * U.S. bank stocks rebound, bitcoin falls. * Deposits flow to money market funds, large banks. By Sin?ad Carew.

  4. TREASURIES-Yields rise on bank sector optimism, weak 2-year auction
    Reuters | 03/27/23 03:18 PM EDT

    U.S. Treasury yields rose on Monday on greater optimism that stress in the banking sector will be contained and as the Treasury Department saw soft demand for a sale of two-year notes. First ...

  5. GLOBAL MARKETS-Wall St equities gain, Treasury yields rise on lull in bank worries
    Reuters | 03/27/23 11:16 AM EDT

    * U.S. stocks follow European stocks higher. * Oil prices climb while gold falls. * U.S. bank stocks rebound, bitcoin falls. * Deposits flow to money market funds, large banks. By Sin?ad Carew.

  6. TREASURIES-Yields rise on bank sector optimism
    Reuters | 03/27/23 09:18 AM EDT

    U.S. Treasury yields rose on Monday on greater optimism that stress in the banking sector will be contained and before the Treasury Department will sell short- and intermediate-dated debt.

  7. Wall St equities gain, Treasury yields rise as bank worries ease
    Reuters | 03/26/23 08:19 PM EDT

    Wall Street equities gained and U.S. Treasury yields rose on Monday as investor concerns about the financial system were calmed after First Citizens BancShares said it would take on the deposits and loans of failed Silicon Valley Bank. The deal offered a respite after weeks of turmoil prompted by the collapse of tech-focused Silicon Valley Bank and punctuated by more bank failures and rescues.

  8. TREASURIES-Yields fall, but come off lows as banks in focus
    Reuters | 03/24/23 03:33 PM EDT

    U.S. Treasury yields came off six-month lows reached earlier on Friday but remained lower on the day as concerns about further stress in the banking sector led investors to seek out the safe haven ...

  9. TREASURIES-Yields fall to six-month lows on banking jitters
    Reuters | 03/24/23 09:22 AM EDT

    U.S. Treasury yields dropped to six-month lows on Friday as concerns about further stress in the banking sector led investors to seek out the safe haven debt.

  10. U.S. Treasury yields hit lowest since September on bank jitters
    Reuters | 03/24/23 07:22 AM EDT

    U.S. Treasury yields fell sharply to their lowest levels since September on Friday as nagging concerns about turmoil in the banking sector sent investors fleeing to safe-haven government debt. Two-year Treasury yields were last down 19 bps at 3.62%, having earlier dropped to 3.566%, the lowest since mid-September.

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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