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Warren Buffett now owns more T-bills than the Federal Reserve

Summary by CNBC
The Omaha-based conglomerate held $234.6 billion in short-term investments in Treasury bills by the end of the second quarter.

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Berkshire Hathaway, led by Warren Buffett, now owns more “treasury bills” than the Federal Reserve, writes CNBC. That after a massive sell-off in its biggest stock post.

·Oslo, Norway
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Direct - Berkshire Hathaway, a subsidiary of billionaire Warren Buffett, now owns more Treasury bonds than the Federal Reserve, as Buffett works to strengthen his fortress...

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The U.S. Treasury Department auctioned $42 billion of 10-year bonds on Wednesday, with a winning rate of 3.96%. Although it was significantly lower than the 4.276% in July, the bid multiple, which measures the demand for bonds, was 2.32 times, lower than the historical average of 2.53 times. The allocation ratio of primary dealers was 17.9%, higher than the average of 12%, reflecting the poor market demand. Subsequently, U.S. bonds and stocks fe…

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Bias Distribution

  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
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Finbold broke the news in on Tuesday, August 6, 2024.
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