World's biggest sovereign wealth fund plans to cut U.S. Treasury holdings - CNBC
World's biggest sovereign wealth fund plans to cut U.S. Treasury holdings - CNBC
Source: CNBC
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DW NOTE
Norway's Government Pension Fund Global — $1.76 trillion, the world's largest sovereign wealth fund — is planning to reduce its U.S. Treasury holdings. The timing is clarifying: the Fed holds rates at 3.65% while the federal deficit runs 3% above last year at $1.4 trillion through June, oil sits at $91 after a 19% drawdown from peak, and the Strait of Hormuz enters its 188th day of blockade with no resolution. When the biggest buyer of duration starts stepping back, it's not a rotation — it's a repricing of American creditworthiness under strain.