World's largest Sovereign wealth fund to cut U.S. treasury holdings - FXStreet
World's largest Sovereign wealth fund to cut U.S. treasury holdings - FXStreet
Source: FXStreet
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DW NOTE
Norway's Government Pension Fund Global — $1.8 trillion, the world's largest sovereign wealth fund — is cutting U.S. Treasury holdings. This comes as the U.S. federal deficit runs at $1.4 trillion through June and is forecast to hit $1.9 trillion for fiscal 2026, roughly 6% of GDP, while the Fed holds rates at 3.65% with inflation still above target. When the largest and most conservatively managed pool of sovereign capital in the world reduces exposure to your debt, it is not expressing a view — it is repricing risk.