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Buffett and Gross Agree: Slump in 30-Year Bonds Makes Good Sense

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Warren Buffett and Bill Gross signaled the end is at hand for Treasury market bulls as 30-year bond yields rose to a four-month high.

Longer-maturity Treasuries led losses after Buffett, the billionaire chairman of Berkshire Hathaway Inc., said long-term bonds are overvalued. Touting bearish bets after yields climbed last week by the most in almost two months, Gross said the bull market “supercycle” for both bonds and stocks is ending.