Elon Musk touts short-term Treasurys as a 'no-brainer,' echoing Warren Buffett and Bill Ackman
Elon Musk touted short-term Treasurys as a"no-brainer," echoing the views of Warren Buffett and Bill Ackman. by Ackman, who like Buffett, said he puts cash into short-term Treasurys.
"We actually agree. Buffett would never buy 30-year Treasurys at anywhere near current yields. His purchases are just cash management using short-term T-bills. We also invest our cash in short term Treasurys," Ackman said. T-bills are short-term US government debt securities that mature over a period of four to 52 weeks, less than bonds or notes.
Short-term US debt yields have surged this year, with short-dated T-bills offering better returns than long-term bonds – also known as an inverted yield curve. The situation is largely due to the Federal Reserve's aggressive interest rate rises, increasing borrowing costs by 500 basis points since March 2022. every Monday despite Fitch's surprise cut to the US's credit rating. ."This is one," he added, referring to Fitch's downgrade of the US credit rating from AAA to AA+.
At the same time, while Ackman reveals his fondness for short-term Treasurys, he revealed on Thursday he'sThe Pershing Square chief said his bearish call acts as a hedge against the impact of higher interest rates on stocks, and as a"high probability standalone bet."
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