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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.

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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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