Buffett and Musk Among Analysts Say Buy Treasuries After Last Week's Selloff
The $25 trillion treasury market under siege: Bond supply surge, fitch ratings downgrade, and BOJ capital repatriation speculation. Wall street unites in view that last week's treasury sell-off was excessive, as 10-year and 30-year yields approach multi-year peaks. $Goldman Sachs (GS.US)$ and $Morgan Stanley (MS.US)$ are recommending clients to purchase 30-year inflation-linked bonds, while $JPMorgan (JPM.US)$ is optimistic about five-year Treasuries.
Meanwhile, Buffett's preferred short-term Treasuries see robust demand as Fed hikes push yields to decade highs; recent six-month bill auction registers high investor demand not seen since March 2021.
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