Folksy billionaire Warren Buffett basically thinks anyone who buys bonds at today’s prices is foolish. Speaking at a conference sponsored by Fortune magazine today, Buffett said he “can’t imagine” the justification for buying the assets.
Buffett said that stocks are cheap relative to bonds, and that he predicts investors will regain confidence in the Read More
Guess what’s all the rage? Junk bonds, according to The Wall Street Journal. As prices on U.S. Treasury securities and high-grade corporate debt remain inflated, investors are venturing into riskier waters, buying up riskier bonds with fewer protections — all in the name of higher returns.
The Journal says that last week, junk-bond prices Read More
Here’s a fun characterization of the bond market from Bloomberg columnist and London bureau chief Mark Gilbert: “Like a drunk at a party, the bond market is starting to bump into tables, telling off-color jokes, talking too loudly and spilling drinks. The smart guests will steer clear before he starts screaming at his shoes Read More
Colin Barr at Fortune’s Street Sweep (an Observer Wall Street favorite) offers a balanced take on the where U.S. Treasuries might be headed following their meteoric rise in popularity in 2010.
Traders have flooded into the bond market at a rapid clip as concerns that the economy isn’t recovering fast enough — and may Read More
After rising for two days and enjoying a burning-hot August, the bond market is undergoing a pullback today, thanks in part to a better-than-expected manufacturing report from the Institute for Supply Management and rosy numbers out of China’s manufacturing sector. Contrary to Wall Street superstition, the stock market is enjoying Read More
As the stock market staged a modest rally today despite scary economic data, investors let a little air out of the high-flying price of long-dated U.S. Treasuries, slowing what had turned into a parabolic rise in government-bond prices.
Adding to the bearish action this afternoon was a report from Morgan Stanley analyst Arnaud Read More
Amid chatter among market pundits and reporters about an emerging bubble in the market for U.S. Treasury securities, prices of government bonds are ripping higher today following this morning’s grim report on existing-home sales.
The yield of the two-year note, which correlates inversely with its price, today hit a record low, and yields on 10-year Read More
