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Obama Pays More Than Buffett as U.S. Risks AAA Rating

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THE ORACLE OF OVERHAUL
"The bond market is saying that it’s safer to lend to Warren Buffett than Barack Obama," according to Bloomberg. "Two-year notes sold by the billionaire’s Berkshire Hathaway Inc. in February yield 3.5 basis points less than Treasuries of similar maturity, according to data compiled by Bloomberg. Procter & Gamble Co., Johnson & Johnson and Lowe’s Cos. debt also traded at lower yields in recent weeks, a situation former Lehman Brothers Holdings Inc. chief fixed-income strategist Jack Malvey calls an “exceedingly rare” event in the history of the bond market."
SOURCE:   Bloomberg

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