was $105 billion as of June 30, out of which $75 billion, or 60%, was held in T-bills, up from $58.53 billion at the beginning of 2022 out of its $144 billion total cash reserves.Federal Reserve'sFor instance, the three-month U.S. T-bill returned a 2.8% yield on Aug. 22 compared to a near-zero yield a year ago. Similarly, the yield on U.S. one-year T-bill climbe from zero to 3.35% in the same period.Meanwhile, non-yielding assets like gold and Bitcoin have dropped roughly by 2.
Meanwhile, Andrew Bary, an associate editor at Barron's, underscored the market's potential to tail Buffett's strategy,"Individual investors may want to consider following Buffett's lead now that they are yielding as much as 3%."Positive-yielding debts risk are dampening the demand for other potential safe-havens, Bitcoin included. In other words, increasingly risk-averse investors could be opting for assets that offer fixed yields over those that don't.
"Allocation to treasuries and other low-yield cash products is really a decision that needs to be made case-by-case depending on an individual's goals and risk appetite," he explained, adding: Edwards also points out that Buffett's long-term strategy remains largely risk-on. Notably, Berkshire deployed 34% of its cash holdings to buy equities in May and that over 70% of its portfolio is still made up of risk-on assets.
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