US pays more to borrow than drugmaker, retailer, insurer: report
"Glut" of US bonds pushing U.S. rates higher than some big corporations pay: report
US pays more to borrow than drugmaker, retailer, insurer: report
Joseph N. DiStefano
"Two-year notes sold by [billionaire Warren Buffett's] Berkshire Hathaway Inc. in February yield 3.5 basis points less than Treasuries of similar maturity," Bloomberg News reports here.
"Procter & Gamble Co., Johnson & Johnson and Lowe’s Cos. debt also traded at lower yields [than Treasuries] in recent weeks... The $2.59 trillion of Treasury Department sales since the start of 2009 have created a glut as the budget deficit swelled to a post-World War II-record 10 percent of the economy and raised concerns whether the U.S. deserves its AAA credit rating. The increased borrowing may also undermine the first-quarter rally in Treasuries as the economy improves."
