Bond Market Says U.S. Debt Is Riskier Than Warren Buffett's Berkshire Hathaway

First Posted: 5/22/10 Updated: 5/25/11

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bloomberg.com:

March 22 (Bloomberg) -- The bond market is saying that it's safer to lend to Warren Buffett than Barack Obama.

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.

Read the whole story: bloomberg.com

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