Der (schwedische) Pension Asset Manager Alecta hat US-Staatsanleihen im Wert von schätzungsweise 80 Milliarden Kronen (7,5 Milliarden Euro) verkauft

A good start. Hopefully more join in.

It’s not just an „anti-US“ strategy, but a de-risking strategy.

As I wrote a week ago, countries with large quantities of US treasuries on their books, both in the public and private sector (like pension funds / asset managers, as in this case), need to reduce the cluster risk. Dumping treasuries makes sense even if the Orange Utan wasn’t destroying the world order.

In Europe, the UK in particular has an alarmingly large exposure, but also EU countries like Belgium, Luxembourg or Ireland.

[https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html](https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html)

Dump it, lfg

Imagine if Norwegian wealth fund would start doing the same

While they are still worth something. Smart move. 

So it begins

Good, let’s put Bessent straight. It might be irrelevant that a Danish pension fund sold 100 million US debt, but what when the 100 million becomes a billion and then half a trillion and more across the EU. We need to stay strong, stay united!

This is the second pension fund selling US treasury bonds after the danish one (news from yesterday).

Good. Very good.