Warren Buffett Is Buying Treasuries Regardless of US Downgrade by Fitch
- Berkshire Hathaway chairman discussed purchase pattern on CNBC
- Short-term Treasury yields are highest in more than a decade
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It’s business-as-usual for Warren Buffett’s Berkshire Hathaway after Fitch Ratings’ downgrade of the US.
“Berkshire bought $10 billion in US Treasuries last Monday. We bought $10 billion in Treasuries this Monday. And the only question for next Monday is whether we will buy $10 billion in 3-month or 6-month” T-bills, Buffett said on CNBC. “There are some things people shouldn’t worry about,” he said. “This is one.”