News Results

  1. COLUMN-BoE could slow QT to hold off bond vigilantes?
    Reuters | 01/20/25 03:55 AM EST

    By Mike Peacock. Bond vigilantism has returned to Britain, raising the prospect that the government will be forced to consider politically toxic tax rises or public spending cuts to placate investors concerned about the country's fiscal health. In the first weeks of 2025, certain gilt yields spiked to highs last seen in 2008.

  2. China to name Zou Lan as central bank deputy governor, sources say
    Reuters | 01/20/25 03:02 AM EST

    Zou Lan, head of the monetary policy department at the People's Bank of China, will be promoted to deputy governor of the central bank, two sources with knowledge of the matter said. The appointment will be announced as soon as this week, according to the sources, who declined to be identified due to the sensitivity of the matter.

  3. JGB yields ease ahead of Trump inauguration, BOJ policy decision
    Reuters | 01/19/25 11:59 PM EST

    Japanese government bond yields eased on Monday as traders braced for potential volatility ahead of Donald Trump's swearing in as U.S. president later in the global day.

  4. PRECIOUS-Gold firms as dollar loses ground ahead of Trump inauguration
    Reuters | 01/19/25 10:52 PM EST

    * Donald Trump takes office at noon ET. * Goldman Sachs raises central bank gold demand forecast. * Fed to hold rates steady in Jan, resume cutting in March- poll. By Rahul Paswan.

  5. Bank of Japan poised to raise rates to highest in 17 years
    Reuters | 01/19/25 09:43 PM EST

    The Bank of Japan is expected to raise interest rates on Friday barring any market shocks when U.S. President-elect Donald Trump takes office, a move that would lift short-term borrowing costs to levels unseen since the 2008 global financial crisis.

  6. China leaves benchmark lending rates unchanged
    Reuters | 01/19/25 08:04 PM EST

    China left benchmark lending rates unchanged at the monthly fixing on Monday, as a weakening yuan has limited Beijing's monetary easing efforts. The one-year loan prime rate was kept at 3.1%, while the five-year LPR was unchanged at 3.6%. Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.

  7. Japan November machinery orders beat forecast on strong factory investment
    Reuters | 01/19/25 07:47 PM EST

    Japan's core machinery orders rose 3.4% in November from the previous month to beat analysts' forecast, government data showed on Monday, signalling a recovery in capital expenditure ahead of a central bank interest rate review later this week. The reading was stronger than a 0.4% decline estimated in a Reuters poll and marked a second consecutive month of increase.

  8. Wall St Week Ahead-Small caps lose Trump bump as rising rates sap strength
    Reuters | 01/19/25 09:00 AM EST

    * Small-cap Russell 2000 has pulled back sharply from Nov highs. * Trump's pro-growth policies seen helping small cap stocks. * Slower Fed rate cuts, tariffs could weigh on small caps. By Lewis Krauskopf. As investors seek assets that will shine under a Donald Trump presidency, one corner of the U.S. stock market expected to benefit from the Republican's policies has been stumbling.

  9. Biathlon-Five times champion Boe says he will retire before 2026 Winter Olympics
    Reuters | 01/18/25 10:17 AM EST

    - Norwegian Johannes Thingnes Boe, who dominated the biathlon at the 2022 Winter Olympics, has decided to retire at the end of the season and will not defend his titles at next year's Milan-Cortina Games, he said on Saturday. The 31-year-old won four of six possible gold medals at the Beijing Games and also took one gold from the 2018 edition in Pyeongchang.

  10. Wars top global risk as Davos elite gathers in shadow of fragmented world
    Reuters | 01/18/25 06:57 AM EST

    By Elisa Martinuzzi. Armed conflict is the top risk in 2025, a World Economic Forum survey released on Wednesday showed, a reminder of the deepening global fragmentation as government and business leaders attend an annual gathering in Davos next week.

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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