News Results

  1. Colorado deals for transportation as it looks for long-term funding plan
    SourceMedia Bond Buyer | 11:28 AM EDT

    Colorado lawmakers are working on a $5 billion funding proposal for transportation; this week's $500 million debt issue targets immediate needs.

  2. TREASURIES-U.S. yields mostly flat even as prices paid index spikes
    Reuters | 11:04 AM EDT

    U.S. Treasury yields traded little changed on Monday, shrugging off the highest prices ever paid in a May manufacturing survey for New York state, as traders mull how tolerant Federal Reserve ...

  3. MSRB proposal would reduce volume of disclosure required by dealers
    SourceMedia Bond Buyer | 11:00 AM EDT

    The proposed changes are part of the MSRB's ongoing retrospective rule review.

  4. Fed's Clarida: U.S. growth could hit 7% this year
    Reuters | 11:00 AM EDT

    U.S. economic growth could hit 7% this year, Fed vice chair Richard Clarida said on Monday, as labor and other supply bottlenecks get resolved and the recovery accelerates. "It looks like the economy if anything can pick up speed this year...We could have growth north of 6%, possibly 7%," Clarida said in remarks to an Atlanta Federal Reserve conference.

  5. World Economic Forum cancels 2021 annual meeting in Singapore
    Reuters | 10:24 AM EDT

    The World Economic Forum has cancelled its annual meeting - the blue riband event for the global elite to discuss the world's problems - due to be held in Singapore later this year, the organisers said on Monday. The COVID-19 pandemic meant it was not possible to hold such a large event as planned on Aug. 17-20, they said.

  6. Canada Home Sales Fall 12.5% in April After Record March -- Update
    | 10:24 AM EDT

    OTTAWA--Canadian home sales declined in April after smashing a record in the previous month, while year-over-year price gains continued to accelerate. Data released Monday from the Canadian Real Estate Association indicated home sales across Canada fell 12.5% in April, the first month-over-month pullback since November. The association's house-price index, on a seasonally adjusted basis, rose 23% from a year ago to 723,500 Canadian dollars, or the equivalent of $597,250....

  7. FOREX-Dollar essentially unchanged as Treasury yields hold steady
    Reuters | 10:17 AM EDT

    The dollar on Monday held steady near recent lows as new restrictions in Asia to contain COVID-19 and mixed economic signals from China supported safe-haven currencies, while bitcoin extended its ...

  8. U.S. Home-Builder Confidence Holds Steady in May -- NAHB
    | 10:14 AM EDT

    Home-builder confidence in the U.S. remained unchanged in May supported by low inventories and strong demand, even as rising prices and limited availability of most building materials added to the cost of new homes, according to a measure released Monday from the National Association of Home Builders. Here are the report's main takeaways:. --The association's housing market index, which gauges the single-family housing market, stood at 83 in May, unchanged from April.

  9. CANADA STOCKS-TSX gains as material stocks rise on firmer gold prices
    Reuters | 10:12 AM EDT

    Canada's main stock index rose on Monday, lifted by material stocks that gained on rise in gold prices as lower U.S. Treasury yields and inflation worries made bullion more attractive. * The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.9% as gold futures rose 0.5% to $1,847.2 an ounce.

  10. A third of euro zone corporate loans exposed to climate hazards: ECB
    Reuters | 10:11 AM EDT

    Euro zone banks face potential climate hazards such as floods and droughts on up to a third of their loans to companies, with lenders in Greece, Portugal and Spain among the most exposed, the European Central Bank said on Monday.

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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