Warren Buffett's Berkshire Hathaway owns 3% of the entire T-bill market, JPMorgan estimates

Berkshire Hathaway 's purchase of Treasury bills has been so aggressive that the Warren Buffett-controlled conglomerate now owns 3% of the entire bill market, according to JPMorgan.

Cash is attractive Buffett believes that short-term Treasurys are the yardstick against which other values are measured — a sharp rise in rates effectively lowers the present value of any future earnings. The Berkshire CEO has said he just doesn't see anything else appealing right now. "It isn't like I've got a hunger strike or something like that going on. It's just that they — things aren't attractive," Buffett said at Berkshire's annual meeting in early May.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Warren Buffett's Berkshire Hathaway cut Apple investment by about 13% in the first quarterBerkshire reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a decline of around 13% in the stake.
Source: NBCLA - 🏆 319. / 59 Read more »

Warren Buffett says Berkshire Hathaway is looking at an investment in CanadaThe Oracle of Omaha noted that he is 'confident' in placing bets in the country.
Source: CNBC - 🏆 12. / 72 Read more »