Fidelity High Income Fund Q2 2025 Commentary

2025-07-29 21:30:00 ET

High-Yield Bond Market Review

U.S. high-yield bonds gained 3.57% in the second quarter, erasing a brief but steep early-April decline that followed President Trump's announcement of a sweeping tariff plan. Amid rising volatility and concern about a global trade war, the index returned -3.03% from April 2 through April 8, but then sharply reversed course and rose 6.43% through midyear....

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