Another Spike in Bond Yields Pushes Treasury Bond Fund Even Lower

Fidelity Spartan Long-term Treasury Bond Fund (FLBIX, last change: -3.21%)

Fidelity Spartan Long-term Treasury Bond Fund (FLBIX, last change: -3.21%)

 

Buy/sell signals for Fidelity funds are available at FidelitySignal.com 

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Bull Corner: Stellar Performance by Emerging Markets Income Fund

FNMIX

The Fidelity New Markets Income Fund (FNMIX, last change: 0.34%) is now the top bond fund based on its 2012 performance in our daily survey of Fidelity funds. The 4.79% yield has contributed to the stellar 16.99% year-to-date return by FNMIX.

Technical analysis screens are provided by FidelitySignal.com

Long-term treasury bonds are the weakest performers of the day

The Fidelity Spartan Long-term Treasury Bond fund (FLBIX, change: -1.28%) pulled back the most today out of all of the Fidelity funds we track. Nevertheless, FLBIX continues to be the best fund year-to-date with a 21.1% gain.

The Fidelity Spartan Long-term Treasury Bond fund (FLBIX, change: -1.28%) was the weakest performer today.

The Fidelity Spartan Long-term Treasury Bond fund (FLBIX, change: -1.28%) was the weakest performer today and continues the regression towards its trendline.

Mutual fund screens are provided by FidelitySignal.com  

Best of 2011: Where is the bull market now?

The stock markets around the globe continue to be volatile after the S&P 500 index dropped more than 20% in August from the July peak. As we said in our earlier post, the stock market continues to be in a bearish downtrend. Today’s news about the weakness of the German economy and the disappointment about the impact of the meeting of the French and German leaders kept the market in negative territory.

A Wall Street adage says, “There is a bull market somewhere”. The smart money always seems to find its way away from declining assets into areas of growth. So where is the smart money now?

To answer the smart money question we ran the following screen: identify Fidelity mutual funds, which are uptrending (the net asset value is above the 100-day moving average) and continue to show positive results for the year. The results may surprise you.

Best investments of 2011

The best performing Fidelity mutual fund of 2011, as of August 16, using this criteria is by far the Fidelity Inflation-Protected Bond fund (FINPX), which is up 9.45% for the year:

Fidelity funds: best of 2011

The Fidelity Inflation-Protected Bond fund (FINPX) is up 9.45% year-to-date.

Another great performer is the Fidelity Spartan Long-Term Treasury Bond Index fund (FLBAX), which is up 6.57% year-to-date. The recent surge in the price of FLBAX shows the flight to quality, as investors rotated out of stocks in the recent market turmoil.

The Fidelity Spartan Long-Term Treasury Bond Index fund (FLBAX) is up 6.57% year-to-date.

The Fidelity Spartan Long-Term Treasury Bond Index fund (FLBAX) is up 6.57% year-to-date.