News Results

  1. GLOBAL MARKETS-Stocks down for third day, yields jump as markets prep for rate hikes
    Reuters | 06:24 AM EDT

    * Euro zone inflation expectations hit highest since 2015. * U.S. 10-year Treasury hits highest since Jun. 17. * MSCI All Country World dips for third day. By Ritvik Carvalho. Global shares fell for a third successive day on Tuesday, while bond yields and measures of inflation expectations on both sides of the Atlantic soared on anxiety over when central banks might raise interest rates.

  2. Citi cuts China 2022 GDP forecast to 4.9% on Evergrande spillover
    Reuters | 06:11 AM EDT

    Citi on Tuesday trimmed its China growth forecast for next year to 4.9% from 5.5%, citing expected spillover from the woes of embattled property giant Evergrande, and predicted policy makers would deliver more interest rate reductions. "The balancing between moral hazard risks and contagion risks points towards a managed restructuring," Citi's Xiangrong Yu wrote in a note to clients.

  3. US STOCKS-Nasdaq futures down 1% as bond yields extend rally
    Reuters | 05:25 AM EDT

    Nasdaq futures fell more than 1% on Tuesday as technology heavyweights came under pressure from a surge in bond yields, which have been lifted by expectations of higher interest rates following recent comments from the Federal Reserve. The two-year U.S. Treasury yield surged to 18-month highs, weighing on shares of high-growth companies whose values rest heavily on future earnings.

  4. CEE MARKETS-Forint sinks to two-month-low on rising U.S. Treasury yields
    Reuters | 05:23 AM EDT

    Hungary's forint hit a two-month-low against the euro on Tuesday, pressured by rising U.S. Treasury yields, high inflation and a row with the European Union, which has led to a freeze in ...

  5. TREASURIES-Treasury yields jump again as markets hunker down for rate hikes
    Reuters | 05:01 AM EDT

    U.S. Treasuries extended their selloff into a fourth day on Tuesday, with 10-year yields rising to new end-of-June highs while the TIPS market also started pricing in higher future inflation. The prospect of rising cash rates and the risk of inflation proving less transitory than expected took two-year yields to 18-month highs.

  6. Sterling falls versus dollar after U.S. yields surge
    Reuters | 04:54 AM EDT

    * Graphic: Trade-weighted sterling since Brexit vote By Joice Alves. Sterling fell versus a strengthening dollar on Tuesday after U.S. treasury yields jumped to the highest in almost three months following hawkish U.S. Federal Reserve remarks.

  7. GLOBAL MARKETS-Shares drop for third day, yields soar as markets brace for rate hikes
    Reuters | 04:36 AM EDT

    * Graphic: Global asset performance * Graphic: World FX rates By Ritvik Carvalho. Global shares fell for a third successive day on Wednesday, while bond yields on both sides of the Atlantic soared on anxiety over when central banks might raise interest rates.

  8. EMERGING MARKETS-Shares, currencies slide as China pains sap risk appetite
    Reuters | 04:10 AM EDT

    * China, HK shares rise as big tech, property stocks rally. * MSCI EMFX index drop 0.2%, shares down 0.1% * Russian rouble bucks gloom, up 0.5% By Susan Mathew. More evidence of slowing growth in China and rising U.S. Treasury yields further dented fragile risk sentiment on Tuesday although a rally in property stocks kept heavywieght Chinese shares buoyed.

  9. Ten-year JGB yield hits highest in nearly four months, tracks U.S. peers
    Reuters | 03:58 AM EDT

    Japan's 10-year government bond yield hit its highest in nearly four months, tracking U.S. Treasury yields higher, while weak demand at a 40-year debt auction weighed on bond prices. The 10-year JGB yield rose two basis points to 0.070%, its highest since June 9. Benchmark 10-year JGB futures fell 0.25 point to 151.37, with a trading volume of 24,885 lots.

  10. French consumer confidence stronger than expected in September
    Reuters | 03:56 AM EDT

    French consumer confidence improved more than expected in September as households' concerns about unemployment eased, a monthly survey showed on Tuesday. The INSEE official statistics agency said its consumer confidence index rose to 102 from 99 in August, hitting its highest level since June.

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.