US Treasury Yields Hit Highest In Over 10 Years: Ackman Scores Early Win Over Buffett
Portfolio Pulse from Piero Cingari
US long-term Treasury yields have reached their highest levels in over a decade, unsettling investors. The 10-year Treasury note’s yield reached 4.30% and the 30-year Treasury yield climbed to 4.41%. The iShares 20+ Year Treasury Bond ETF (NYSE:TLT) has lost 8% over the past month. Renowned investors Warren Buffett and Bill Ackman have adopted contrasting strategies in response to these changes. Berkshire Hathaway Inc. (NYSE:BRK) held $103.89B worth of short-term Treasuries in its balance sheet at the end of the first quarter.
August 17, 2023 | 4:06 pm
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NEUTRAL IMPACT
Berkshire Hathaway Inc. (BRK) held $103.89B worth of short-term Treasuries in its balance sheet at the end of the first quarter.
Despite the rise in Treasury yields, Berkshire Hathaway (BRK) continues to hold a significant amount of short-term Treasuries. The impact of the rising yields on BRK's holdings is uncertain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The iShares 20+ Year Treasury Bond ETF (TLT) has lost 8% over the past month due to rising Treasury yields.
The rise in Treasury yields has led to a decrease in the price of bonds, negatively impacting the iShares 20+ Year Treasury Bond ETF (TLT).
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100