Buffett: Berkshire still buying billions in U.S. debt despite downgrade
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Fitch’s downgrade of its rating on U.S. government debt late Tuesday helped send stocks lower in Wednesday’s trading, but it isn’t reducing Berkshire Hathaway’s strong appetite for yields near 5 1/2 percent being offered by short-term Treasury notes.
Warren Buffett told CNBC’s Becky Quick (off camera) on Wednesday that his company “bought $10 billion in U.S. Treasurys last Monday. We bought $10 billion in Treasurys this Monday. And the only question for next Monday is whether we will buy $10 billion in 3-month or 6-month” T-bills.
“There are some things people shouldn’t worry about. This is one.”
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