Danish Pension Fund Sells $100 Million in U.S. Treasuries

AkademikerPension, a Danish pension fund, plans to sell its $100 million in U.S. Treasuries due to concerns over U.S. government financial stability, opting instead for U.S. dollar and short-duration debt. Chief Investment Officer Anders Schelde cited poor U.S. finances and recent credit rating downgrades by Moody’s as key factors in this decision. The move occurs amidst heightened tensions between the U.S. and Europe, particularly regarding President Trump’s pressure on Greenland. Treasury Secretary Scott Bessent has dismissed concerns about European countries abandoning U.S. Treasuries.

Want More Context? 🔎