Geopolitics

Norway sovereign wealth fund proposes cutting U.S. Treasury holdings - qz.com

Source: qz.com

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DW NOTE

Norway's $1.7 trillion fund holds $375 billion in US Treasuries — more than any other sovereign wealth fund. A reduction now, with the 10-year at 4.79% and the Fed signaling a September hike into a 189-day oil blockade, is not portfolio rebalancing. It is a country with oil revenue writing down American credit risk while Washington runs a $1.4 trillion deficit and mines float in the Persian Gulf.

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Norway sovereign wealth fund proposes cutting U.S. Treasury holdings - qz.com

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