Warren Buffett says bond investors worldwide face a 'bleak future'

 Warren Buffett in his yearly letter to Berkshire Hathaway investors on Saturday said bonds are not the spot to be in nowadays, adding that fixed-pay financial backers overall face a grim future. 

Buffett wailed over fixed pay as a venture, saying that "bonds are not the spot to be nowadays." The pay from a 10-year U.S. Depository security fell 94% from a 15.8% yield in September 1981 to 0.93% toward the finish of 2020. 

In certain huge and significant nations, like Germany and Japan, financial backers procure a negative profit from trillions of dollars of sovereign obligation," Warren Buffett added. 

"Fixed-pay financial backers around the world – regardless of whether annuity reserves, insurance agencies or retired folks – face a dreary future," the letter said. 

Dangerous advances, notwithstanding, are not the response to lacking financing costs," hesaid. 

Buffett utilized his yearly letter to financial backers to guarantee he and his replacements would be cautious stewards of their cash at Berkshire, where "the progression of time" and "an inward quiet" would help work well for them.