On the move

Markets edged higher across the board today. The biggest move came from the Fidelity Select Biotechnology (FBIOX, up 1.50%) fund.

The not so good news is the continued decline of bonds following news of the Federal Reserve’s intention to sell Treasury Bonds in order to shrink the balance sheet. With interest rates rising as a consequence, the Fidelity Spartan Long-term Treasury Bond Index (FLBIX, down 0.89%) fund is trending lower.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s