News Results

  1. Net short bets against 30-year Treasury bond hit fresh high -CFTC
    Reuters | 06:46 PM EDT

    Speculators? net bearish bets on 30-year Treasury bond futures grew to a record high in the latest week, data from the Commodity Futures Trading Commission showed on Friday, potentially reflecting expectations of higher yields on longer-dated U.S. government bonds.

  2. BRIEF-S&P Says Outlook On Azerbaijan Revised To Negative From Stable, Ratings Affirmed At 'BB+'
    Reuters | 04:32 PM EDT

    S&P: * S&P SAYS OUTLOOK ON AZERBAIJAN REVISED TO NEGATIVE FROM STABLE, RATINGS AFFIRMED AT 'BB+' * S&P SAYS AZERBAIJAN OUTLOOK REVISED TO NEGATIVE ON RISING RISKS FROM MILITARY CONFLICT OVER NAGORNO-KARABAKH; RATINGS AFFIRMED. * S&P SAYS NEGATIVE OUTLOOK ON AZERBAIJAN REFLECTS RISING RISKS TO FISCAL PERFORMANCE, EXTERNAL BALANCE SHEET, AND MACRO-FINANCIAL STABILITY.

  3. Threats to U.S. Treasury market liquidity still exist, Fed says
    Reuters | 04:08 PM EDT

    The U.S. Treasury market still runs the risk of abrupt freezes in liquidity like the one seen in March and April, as the COVID-19 pandemic roiled the financial system, a member of the Federal Reserve Bank of New York's Market Committee said on Friday.

  4. Threats to U.S. Treasury market liquidity still exist, Fed says
    Reuters | 04:07 PM EDT

    The U.S. Treasury market still runs the risk of abrupt freezes in liquidity like the one seen in March and April, as the COVID-19 pandemic roiled the financial system, a member of the Federal Reserve Bank of New York's Market Committee said on Friday.

  5. BRIEF-Fitch Affirms Iceland At 'A' Outlook Negative
    Reuters | 04:07 PM EDT

    * FITCH AFFIRMS ICELAND AT 'A'; OUTLOOK NEGATIVE. * FITCH SAYS CORONAVIRUS PANDEMIC HAS RESULTED IN SHARP DETERIORATION IN ICELAND'S NEAR-TERM GROWTH AND PUBLIC FINANCE OUTLOOK Source text for Eikon:

  6. Fed's Kaplan says U.S. economy will live with virus well into next year
    Reuters | 11:48 AM EDT

    Dallas Federal Reserve Bank President Robert Kaplan on Wednesday repeated his forecast for the U.S. economy to shrink about 2.5% this year and grow a strong 3.5% next year, adding that he expects the pandemic to continue to impact daily life well into next year.

  7. Morocco's credit rating cut to junk by Fitch
    Reuters | 11:44 AM EDT

    Fitch cut Morocco's credit rating to 'junk' on Friday, blaming the coronavirus for savaging the north African country's finances. The one-notch cut to BB+ from BBB- is a painful one for the government as it means that two of three main agencies now grade it in a higher-risk category that can lead to higher borrowing costs.

  8. BRIEF-S&P Says North Carolina's Series 2020B Limited Obligation (Build NC) Bonds Rated 'AA+' With A Stable Outlook
    Reuters | 11:00 AM EDT

    S&P: * S&P SAYS NORTH CAROLINA'S SERIES 2020B LIMITED OBLIGATION BONDS RATED 'AA+' WITH A STABLE OUTLOOK Source text:

  9. NY Fed selects additional counterparties for commercial paper and corporate credit facilities
    Reuters | 10:21 AM EDT

    The Federal Reserve Bank of New York announced on Friday that it selected additional counterparties to support the commercial paper funding facility and the secondary market corporate credit facility as needed. Read more on the New York Fed's website https://www.newyorkfed.org/newsevents/news/markets/2020/20201023.

  10. GLOBAL-MARKETS-Stocks rally, Treasury yields hit highs on stimulus hopes
    Reuters | 10:21 AM EDT

    * Dow Jones Industrial Average up 0.2%; S&P 500 up 0.4% * U.S. Treasury yields hit 4-month highs. * European stocks boosted by strong Q3 earnings. * Britain, EU meet for Brexit talks. * Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Matt Scuffham.

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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