The 92-year-old chairman and CEO of Berkshire Hathaway is slated to release his annual shareholder letter Saturday alongside the conglomerate's earnings.
Warren Buffett's loyal following of value investors is about to hear from the legend himself, at a crucial time when interest rates have soared and recession fears are raging.is slated to release his annual shareholder letter Saturday morning, along with the conglomerate's latest quarterly earnings.
Notably, there's been a sea change in Treasury yields, which have surged to the highest level since theamid the Federal Reserve's aggressive rate hikes. Six-month and one-year yields have both surpassed 5% for the first time since 2007, while the benchmark 10-year Treasury yield sits just below 4%. After more than a decade of near zero interest rates, the sharp rise in yields could dent the appeal for equities and hurt asset prices, Buffett said previously.
"We have a roughly 15-year period of abnormally and historically low interest rates. The short term rates we have now are more normal," said David Kass, a finance professor at the University of Maryland's Robert H. Smith School of Business. "Interest rates are the main determinant of equity prices, to quote Buffett, so I think I'm looking for and expecting a discussion on interest rates.
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