| Over the weekend, it was reported that Warren Buffett's Berkshire Hathaway is nearing a deal to buy industrial company Precision Castparts (PCP) for a price tag that could exceed $30 billion, according to the Wall Street Journal. And demand for U.S. Treasuries seems to be as strong as ever despite data that show that China has reduced its holdings recently in U.S. debt by about $180 billion, Bloomberg reported.
Benchmark 10-year yields fell only about 0.6 percentage point even though the largest foreign holder of U.S. debt pared its stake between March 2014 and May of this year, based on the most recent data available from the Treasury Department...............................................Full Article: Source
|