News Results

  1. Bond Market Rallies As Recession Worries Mount, Rate Cut Bets Gain Steam Ahead Of Jobs Data
    Benzinga | 06/04/24 12:19 PM EDT

    Long-dated U.S. Treasuries are rallying, breaking above a key downtrend that began in late 2023, fueled by recent soft economic data, which has led investors to reprice higher expectations on the Federal Reserve cutting interest rates in September.

  2. Treasury Yields Fall, Dollar Weakens As Manufacturing Activity Gauge Contracts More Than Expected
    Benzinga | 06/03/24 11:50 AM EDT

    The U.S. manufacturing activity barometer contracted more than expected in May, leading to a sharp retreat in Treasury yields at the start of the week. After falling back into contraction in April, manufacturing activity continued to decline for the second consecutive month, according to the Institute for Supply Management survey.

  3. Treasury Yields Fall, Dollar Weakens As Manufacturing Activity Gauge Contracts More Than Expected
    Benzinga | 06/03/24 11:49 AM EDT

    The U.S. manufacturing activity barometer contracted more than expected in May, leading to a sharp retreat in Treasury yields at the start of the week. After falling back into contraction in April, manufacturing activity continued to decline for the second consecutive month, according to the Institute for Supply Management survey.

  4. Lifting The Veil? US Reportedly Authorizes BP & Trinidad's NGC To Tap Gas Reserves With Venezuela
    Benzinga | 05/30/24 06:26 AM EDT

    BP p.l.c.? and Trinidad and Tobago?s state energy firm NGC reportedly received a two-year license from the U.S. Treasury Department to negotiate and develop the Cocuina-Manakin gas fields with Venezuela.

  5. Mortgage Applications Climb For Third Week As 30-Year Interest Rates Drop
    Benzinga | 05/22/24 09:05 AM EDT

    Mortgage applications in the U.S. saw an increase of 1.9% for the week ending May 17, continuing an upward trend following a 0.5% rise the previous week. The rise in applications aligns with a decrease in average mortgage rates, which reached a seven-week low due to expectations of lower inflation reducing long-dated Treasury yields.

  6. Disinflation Hopes Reshape Treasury Yields' Major Trend: 5 Bond ETFs Poised To Rally On Fed Rate Cuts
    Benzinga | 05/16/24 01:55 PM EDT

    A major trend shift is unfolding in the bond market, as key Treasury yields are currently testing the support of the crucial 200-day moving average, following the release of benign economic data that has cemented investor bets on Federal Reserve rate cuts.

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.

fir_news_results