Saturday, June 1, 2013

Bonds Supporter Takes on Buffett Over Comments

Bonds supporters aren't happy with Warren Buffett, as the Oracle of Omaha has let it be publicly known that at the yields offered, along with the growing risk, he isn't interested in buying any bonds. He even went so far as to say "bonds really should come with a warning label."

One of the premiere experts in bonds - Pacific Investment Management Co.'s Bill Gross - in January, raised his holdings in Treasuries to the highest level since summer 2010, rebalancing the portfolio.

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