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  1. FOREX-Aussie dips after RBA; yen pressured by rising U.S. yields
    Reuters | 07/05/22 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.

  2. PRECIOUS-Gold dips as stronger dollar, rate hikes trounce growth concerns
    Reuters | 07/04/22 11:28 PM EDT

    Gold prices eased in a narrow range on Tuesday, as an elevated dollar and impending interest rate hikes overpowered support from underlying concerns over the global economic outlook. Spot gold ...

  3. Yeahka (9923.HK) Issues HK$549.23 million Convertible Bond Maturing in 2027
    PR Newswire | 07/04/22 11:09 PM EDT

    HONG KONG, July 4, 2022 Yeahka Limited (YHEKF), a leading payment-based technology platform in China, is pleased to announce that the Company has issued an approximately HK$549.23 million convertible bond maturing in 2027 on July 5, 2022. J.P. Morgan and Credit Suisse acted as the joint global coordinators on the transaction.

  4. METALS-Copper wallows near multi-month lows as recession fears bite
    Reuters | 07/04/22 11:05 PM EDT

    Copper prices languished near 17-month lows on Tuesday on heightened worries that aggressive rate hikes by central banks to tackle soaring inflation would push economies into a recession and dent ...

  5. 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.

  6. China's June services activity expands at fastest in almost a year - Caixin PMI
    Reuters | 07/04/22 09:45 PM EDT

    China's services activity snapped three months of decline in June and grew at the fastest rate in almost a year as easing COVID curbs revived demand, although firms remained cautious about hiring, a private-sector survey showed on Tuesday. The Caixin services purchasing managers' index rose to 54.5 in June, indicating the fastest growth since July last year and the first expansion since February.

  7. 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.

  8. Japan's service sector activity grows at fastest rate in over 8 years - PMI
    Reuters | 07/04/22 08:35 PM EDT

    Japan's services sector activity expanded at the fastest pace in over eight years in June as the easing of coronavirus curbs boosted sentiment among businesses such as those in tourism.

  9. Japan's service sector activity grows at fastest rate in over 8 years - PMI
    Reuters | 07/04/22 08:30 PM EDT

    Japan's services sector activity expanded at the fastest pace in over eight years in June as the easing of coronavirus curbs boosted sentiment among businesses such as those in tourism.

  10. PRESS DIGEST- Financial Times - July 5
    Reuters | 07/04/22 08:16 PM EDT

    The following are the top stories in the Financial Times. Headlines. - UK ministers rebuff request for help in reopening fertiliser plant https://on.ft.com/3P6gFiy. - Intensive industrial energy users to warn UK ministers over gas rationing https://on.ft.com/3ahaadQ. - Bundesbank boss warns against 'fatal' assumptions in ECB crisis tool https://on.ft.com/3RmBBUr. Overview.

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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