News Results

  1. 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.

  2. 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 ...

  3. News Highlights: Top Global Markets News of the Day
    | 05:15 AM EDT

    Stock Futures Slip Ahead of Fed Comments. U.S. stock futures ticked lower ahead of testimony on Capitol Hill from the leaders of the Federal Reserve and the Treasury Department on the state of the economic recovery. Fed's Powell Says Inflation Is Elevated but Likely to Moderate.

  4. 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.

  5. 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.

  6. 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.

  7. 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.

  8. Euro zone yields at highest since early July as cen bank anxiety holds
    Reuters | 03:28 AM EDT

    Euro zone bond yields rose to their highest since early July on Tuesday, tracking moves in U.S. Treasuries, as markets continued to fret about when central banks might tighten monetary policy.

  9. Tech slide, China woes weigh on European stocks
    Reuters | 03:23 AM EDT

    European stocks fell on Tuesday, as a surge in government bond yields pressured high-growth technology shares, with fresh signs of a slowdown in China's economy weighing on investor sentiment. The pan-European STOXX 600 index was down 0.4%, falling for a third session as a jump in U.S. Treasury yields signalled that investors were bracing for higher cash rates and the risk of persistent inflation.

  10. Marketmind: Time to expect inflation
    Reuters | 03:22 AM EDT

    A look at the day ahead from Sujata Rao. It's only Tuesday but ten-year Treasury yields are already up 8 basis points this week, leading a global move up in government borrowing costs after last week's hawkish central bank chorus. Even more interesting is the move in inflation breakevens, which reflect bond market expectations of future price growth.

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.