News Results

  1. Ko? Group's Industry 4.0 Practices Continue to Be Named Among Global Best Practices by the World Economic Forum
    PR Newswire | 06:39 AM EDT

    ISTANBUL, Sept. 28, 2021 Ko? Group has reached yet another milestone in its transformation journey with another manufacturing plant included in the "Global Lighthouse Network" by the World Economic Forum, which recognizes leaders in applying Fourth Industrial Revolution technologies.

  2. 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.

  3. 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.

  4. North American Morning Briefing: Stock Futures Slip as Bond Yields Hit Three-Month High
    | 06:10 AM EDT

    S&P CoreLogic Case-Shiller Home Price Index for July; U.S. Government bond yields hit their highest level in three months and stock futures sagged as investors rotated out of interest-rate sensitive technology stocks. Some investors are recalibrating portfolios to prepare for the gradual end of the ultra-supportive monetary policies employed to see the economy through the worst of the coronavirus-driven downturn.

  5. China to Maintain 'Normal' Monetary Policy for as Long as Possible, PBOC Gov Says
    | 06:06 AM EDT

    China will continue its "normal" monetary policy for as long as possible and has no need to purchase assets like many western peers, said Yi Gang, governor of the People's Bank of China. The Chinese economy's potential growth is expected at a range of 5% to 6%, which will provide conditions for the PBOC to implement normal monetary policy, Mr. Yi said in an article published Tuesday.

    EDGAR SEC Filings | 06:04 AM EDT Filed on: September 28, 2021.

  7. 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.

  8. 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.

  9. 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.

  10. UK Supply Chain Issues Likely to Hold Back Sterling
    | 04:39 AM EDT

    UK Supply Chain Issues Likely to Hold Back Sterling. 0807 GMT- The pound may struggle to rise considerably as the U.K.' s current supply chain crisis could discourage the Bank of England from raising interest rates, Commerzbank says. BOE Governor Andrew Bailey on Monday reiterated rates could rise before year-end but this is unlikely as he also stressed that supply bottlenecks are weighing on the economic outlook and that tightening monetary policy too early would also slow down...

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.