Norway’s Sovereign Wealth Fund Proposes Cutting US Treasury Holdings by Nearly $80 Billion - Межа. Новини України.
Norway’s Sovereign Wealth Fund Proposes Cutting US Treasury Holdings by Nearly $80 Billion - Межа. Новини України.
Source: Межа. Новини України.
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DW NOTE
Norway's $1.6 trillion fund proposing an $80 billion cut in Treasuries while the 10-year yield sits at 4.77% and the US deficit runs 3% ahead of last year's pace. When the world's largest sovereign wealth fund starts trimming exposure to the reserve asset, that's not portfolio rebalancing — that's a hedge against the issuer.