Warren Buffett waves off Fitch's cut to America's credit rating - and says he's buying Treasuries as normal
"There are some things people shouldn't worry about," heThe famed investor and Berkshire Hathaway CEO noted that his conglomerate bought $10 billion of US Treasuries on Monday, the same amount it bought on Monday last week. He added that the only question is whether Berkshire will buy $10 billion of 3-month or 6-month Treasuries next Monday.
Berkshire ranks among the world's biggest corporate holders of US government debt. The company reported $104 billion of short-term investments in US Treasuries at the end of March. Buffett recently underscored the increased value of the holding to Berkshire, as the Federal Reserve's hikes to interest rates have boosted bond yields. Hethat Berkshire's Treasuries are yielding $5 billion or nearly a 5% return annually — and the Fed has hiked rates further since then.
Buffett told CNBC he doesn't agree with all of the federal government's actions, but he remains fully confident in Treasuries and the US dollar.Fitch's rating cut spooked investors this week, as it signaled reduced confidence in the safety of US government debt. The credit-rating agency made the move because of the country's rising debt level, weakening governance, and an"expected fiscal deterioration over the next three years.
Buffett is known for his unwavering optimism when it comes to America's prospects. He's also dismissed concerns about
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Warren Buffett dismisses Fitch downgrade: 'There are some things you shouldn't worry about'Billionaire investor Warren Buffett says Fitch downgrade won't change Berkshire Hathaway's Treasury-buying plans.
Weiterlesen »
Warren Buffett says he’s not worried about Fitch’s U.S. downgradeWarren Buffett says he’s not worried about Fitch’s U.S. downgrade and it's not changing anything that Berkshire's doing in the markets right now.
Weiterlesen »
Mark Zuckerberg, Warren Buffett have decades-long ties to McDonald'sMark Zuckerberg and Warren Buffett both love eating McDonald's. Their ties to the fast-food titan go back decades.
Weiterlesen »
Fitch downgrades US credit rating, citing mounting debt and political divisionsThe U.S. credit rating has been downgraded by Fitch Ratings, which cited an expected increase in government debt over the next three years and a “steady deterioration in standards of governance” over the past two decades.
Weiterlesen »
Fitch downgrades US debt rating | CNN BusinessJUST IN: Credit rating agency Fitch has downgraded the US rating from its highest AAA rank to AA+
Weiterlesen »
Fitch slashes U.S. credit ratings to AA+ from AAA, points to ‘erosion’ of governanceFitch Ratings cut its top U.S. credit rating to AA+ from AAA on Tuesday, pointing to “erosion” of governance and the nation’s expected fiscal deterioration...
Weiterlesen »