Buffett also believes the U.S. Federal Reserve will find it difficult to raise interest rates this year.
"I think it's going to be very tough to raise rates when you've got what's going on around the world," he said.
The Fed is now weighing what would be its first interest rate increase since 2006, but low U.S. inflation and sluggish growth around the world could constrain the central bank from changing policy.
Yields on U.S. Treasuries remain low by historical standards, with the 10-year Treasury note yielding 1.75 percent on Wednesday and the 30-year Treasury bond yielding 2.346 percent.
Despite expectations that yields would rise last year, they in fact dipped further - and have continued their slide this year.
Buffett said the "last asset" he would want to buy is a 30-year government bond.http://finance.yahoo.com/news/buffett-tells-fox-business-wants-213741106.html;_ylt=AwrBEiR95NJUoGYARJ3QtDMDWe'll Get Another View of Long Dated Bonds HereDoubleLine Long Duration Total Return Live Webcast
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Tuesday, February 17, 2015 1:15 pm PT / 4:15 pm ET
https://event.webcasts.com/starthere.jsp?ei=1053614
Comments
Recently, I have reduced my target allocation to fixed income form 25% to 20% within my own portfolio. Seems many of my hybrid funds have been reducting their allocation to fixed income and with this I have recently followed suit.
Old_Skeet