Warren Buffett Says Corporate Bonds Are No Good

Warren Buffett, the infamous CEO of Berkshire Hathaway Inc. (NYSE:BRK.A), (NYSE:BRK.B), says that now is not the time to invest in corporate bonds. The investor was quoted in a Bloomberg story on the state of the bond markets, in a very active period for corporate debt securities.

According to the piece, May has seen bond sales of $120.2 billion so far, and this month is very much on course to outrun May 2008 sales of $162.6 billion. Last May saw sales of just $108.2 billion. Despite what seems to be a large...