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Fidelity Backing Away From October Treasury Notes

Fidelity Investments on Wednesday confirmed an NPR report that the investment giant was no longer holding U.S. Treasury notes that mature in October.

By David Morrison | Updated on October 16, 2013

Fidelity Investments on Wednesday confirmed a report from National Public Radio that it was no longer holding U.S. Treasury notes that mature in October.

A spokesman for the mutual fund and investment giant – which reported nearly $4.2 trillion in assets under administration on June 30 – emphasized that the firm expected Congress would resolve the current legislative impasse in time to prevent any significant default, but added that it had made adjustments to its investment mix.

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