Norway wealth fund weighs $80B cut to U.S. Treasury holdings - Seeking Alpha
Norway wealth fund weighs $80B cut to U.S. Treasury holdings - Seeking Alpha
Source: Seeking Alpha
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DW NOTE
Norway's sovereign wealth fund — the world's largest at $1.7 trillion — signaling an $80 billion Treasury dump is not about portfolio rebalancing. It's about watching the U.S. fiscal deficit hit $1.4 trillion through June while the Fed contemplates September rate hikes with 10-year yields already at 4.77%. When your largest creditor starts hedging duration risk this aggressively, they've stopped believing the denominator stabilizes.