Warren Buffett warned that debt investors face a “bleak future” days after a government bond sell-off and spillover effects on global stock markets.
The 90-year-old chief executive of Berkshire Hathaway told shareholders in his well-attended annual letter that it was best to avoid the fixed income market, in which the company itself is a big player.
“Fixed income investors around the world – whether they are pension funds, insurance companies or retirees – face a bleak future,” he wrote. “Competitors, for both regulatory and credit rating reasons, need to focus on bonds. And links aren’t the place to be these days.
Treasury prices have fallen dramatically …
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