News Results

  1. Two Fed officials depart amid scrutiny over investment trades
    Reuters | 09/27/21 09:54 AM EDT

    Two Federal Reserve officials who came under scrutiny for investment trades they made last year announced their retirements on Monday, in a controversy that has already sparked a planned review of the Fed's ethics rules.

  2. GLOBAL-MARKETS-Treasury yields, energy stocks rise as oil hits 3-year high
    Reuters | 09/27/21 09:52 AM EDT

    * Oil climbs on tight supply, strong demand. * Markets hope Beijing will contain Evergrande fallout. * U.S. stock indices mixed. * U.S. 10-year Treasury yield hits 1.5% * Bonds pressured by hawkish central banks, inflation. By Matt Scuffham and Sujata Rao.

  3. Fed's Evans sees taper close, expects rate hike in 2023
    Reuters | 09/27/21 09:35 AM EDT

    The U.S. economy will soon meet the Federal Reserve's bar for beginning to reduce its bond purchase program, Chicago Fed President Charles Evans said on Monday, but it will be late 2023 before an interest rate hike is warranted.

  4. Two Fed officials depart amid scrutiny over investment trades
    Reuters | 09/27/21 09:30 AM EDT

    Two Federal Reserve officials who came under scrutiny for investment trades they made last year announced their retirements on Monday, in a controversy that has already sparked a planned review of the Fed's ethics rules.

  5. TREASURIES-U.S. 10-yr yield tops 1.5% level last seen in June
    Reuters | 09/27/21 09:29 AM EDT

    U.S. Treasury yields resumed their march higher on Monday, with 10-year yields hitting their highest level in three months on solid economic data and signals the Federal Reserve is shifting towards ...

  6. Strong U.S. business spending on equipment seen underpinning GDP growth in Q3
    Reuters | 09/27/21 08:41 AM EDT

    New orders and shipments of key U.S.-made capital goods increased solidly in August amid strong demand for computers and electronic products, keeping business spending on equipment on track for another quarter of robust growth.

  7. Boston Fed's Rosengren, citing need for kidney transplant, to retire Sept. 30
    Reuters | 09/27/21 08:38 AM EDT

    Boston Federal Reserve president Eric Rosengren announced he will retire on Thursday, Sept. 30, revealing that he had qualified for a kidney transplant in June and wanted to make "lifestyle changes" to protect his health. Rosengren was facing mandatory retirement next June when he turned 65.

  8. Ready to taper or waiting for more data? Recent Fed officials' comments
    Reuters | 09/27/21 08:27 AM EDT

    - The Federal Reserve has said it will start to reduce its bond purchases as soon as November if the economy continues on its current track. Some officials will watch the September jobs report, due Oct. 8, for a final bit of evidence that the labor market has achieved "substantial further progress" in its recovery.

  9. GLOBAL MARKETS-Energy, bank shares lead charge as oil hits 3-yr high
    Reuters | 09/27/21 07:44 AM EDT

    * Oil climbs on tight supply, strong demand. * Markets hope Beijing will contain Evergrande fallout. * U.S. debt ceiling deadline nears, spending bill to get vote. * Bonds pressured by hawkish central banks, inflation. By Sujata Rao.

  10. Tech pulls Nasdaq, S&P 500 down as Treasury yields rise
    Reuters | 09/27/21 07:07 AM EDT

    The S&P 500 and Nasdaq indexes ended lower on Monday with investors pivoting to value as tech shares, hurt by rising Treasury yields, weighed on equities in the quarter's final week. Of the three major U.S. stock indexes, only the blue-chip Dow Jones Industrial Average closed in positive territory, buoyed by financials and industrials.

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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