Norway's sovereign wealth fund plans major U.S. Treasury sell-off - bastillepost.com
Norway's sovereign wealth fund plans major U.S. Treasury sell-off - bastillepost.com
Source: bastillepost.com
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DW NOTE
Norway's sovereign wealth fund holds $1.6 trillion in assets, with roughly 35% in U.S. Treasuries and equities. If they're rotating out of Treasuries while the 10-year yield sits at 4.78% — up 15% year-over-year — and the U.S. federal deficit just hit $1.8 trillion through July, this isn't portfolio rebalancing. It's a bet that Washington's willingness to honour its obligations at par has become a currency risk.