Tuesday, February 09, 2010

 
 
 

 
 
 
 
 
Warren Buffett buying "unthinkable" yields
Advertisement
Tuesday, June 09, 2009
Text Size: increase text size decrease text size

By Daily Crux Editor Sean Goldsmith:

Warren Buffett's Berkshire Hathaway doubled its holdings of tax-free municipal bonds in nine months as record price swings pushed yields to "unthinkable" levels. Buffett was able to buy this debt on the cheap as many hedge funds and other institutional investors were forced to liquidate their positions to meet margin calls.

Muni bonds fell 5.1% in September 2008 - their biggest monthly loss - and yields reached a record two times the rate of comparable U.S. Treasuries in December.

Berkshire now holds $4.05 billion as of March 31, up from $2.05 billion on June 30, 2008.

Read full article...

More on Warren Buffett:

The 25 best Warren Buffett quotes of all time

Warren Buffett makes another huge stock option bet

The cheapest way to buy Warren Buffett's favorite stocks


Topics: Warren Buffett | Muni bonds | Income Investing
RSS Feed

 
©2010 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.