News Results

  1. GLOBAL MARKETS-Euro slides to two-decade low, equities sink as recession fears intensify
    Reuters | 11:53 AM EDT

    * Euro back at 2002 levels after gas price surge, weak data. * Wall St equities dip, U.S. Treasury yields tumbled. * Graphic: Global asset performance * Graphic: World FX rates By Sin?ad Carew.

  2. TREASURIES-Yields tumble as recession fears mount
    Reuters | 09:35 AM EDT

    Benchmark U.S. Treasury yields tumbled on Tuesday and a key part of the yield curve inverted for the first time in three weeks as concerns about economic growth dented risk appetite and increased ...

  3. FOREX-Euro slumps to two-decade low as recession fears bite
    Reuters | 05:20 AM EDT

    * Euro drops to lowest since end of 2002 as concerns build. * Dollar rises as Treasury yields rebound. * Yen near 24-year lows again. * Aussie dollar fails to gain traction after 50 bps rate hike. By Marc Jones.

  4. TREASURIES-U.S. Treasury curve briefly inverts as recession worries mount
    Reuters | 04:52 AM EDT

    A key part of the U.S. Treasury yield curve briefly inverted for the first time since mid-June on Tuesday, reflecting investor concern that hefty interest-rate hikes could tip the U.S. economy into a recession.

  5. Euro falls to two-decade low vs dollar as recession fears bite
    Reuters | 04:45 AM EDT

    The euro slumped to a two-decade low on Tuesday as the latest surge in European gas prices added to worries about a recession, while there was no stopping the dollar as U.S. Treasury yields staged a rebound. The euro's 0.8% fall on the day took it down as far as $1.03325. It means it has now lost over 9% of its value this year against the U.S. currency.

  6. FOREX-Aussie dips after RBA; yen pressured by rising U.S. yields
    Reuters | 01:30 AM EDT

    Australia's dollar erased early gains on Tuesday after the country's Reserve Bank delivered an as-expected half-point rate hike but not the hawkish forward guidance that some had hoped for. The yen slid back toward a 24-year low to the greenback on a rise in U.S. Treasury yields, while the euro edged higher, adding some distance from five-year lows.

  7. FOREX-Aussie ascendant before RBA; yen pressured by rising U.S. yields
    Reuters | 07/04/22 10:54 PM EDT

    The Australian dollar ticked higher on Tuesday ahead of an expected half-point increase in the Reserve Bank's policy rate, while the yen slid against the greenback amid a rise in U.S. Treasury yields. The Aussie and New Zealand dollars were also supported by signs that the United States might soon ease tariffs on key trading partner China.

  8. PRECIOUS-Gold inches down as U.S. bond yields bounce back
    Reuters | 07/04/22 09:29 PM EDT

    Gold dipped slightly on Tuesday, as a recovery in U.S. Treasury yields from last week's one-month lows reduced the appeal of non-yielding bullion, with a strong dollar also piling on.

  9. JGB yields dip ahead of 10-year auction
    Reuters | 07/04/22 01:39 AM EDT

    Japanese government bond yields eased on Monday, after U.S. Treasury yields dropped their most since March 2020 at the end of last week on expectations that the Federal Reserve will further hike interest rates to tackle soaring inflation. The Japanese government is expected to auction about 2.7 trillion yen worth of 10-year JGBs on Tuesday.

  10. PRECIOUS-Gold teeters above $1,800 as dollar strength weighs
    Reuters | 07/03/22 11:45 PM EDT

    Gold edged lower in choppy trade on Monday, pressured by a stronger U.S. dollar, but weakness in Treasury yields helped keep prices above $1,800. Spot gold was down 0.2% at $1,807.48 per ...

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.