Der (schwedische) Pension Asset Manager Alecta hat US-Staatsanleihen im Wert von schätzungsweise 80 Milliarden Kronen (7,5 Milliarden Euro) verkauft
https://www.di.se/nyheter/di-avslojar-alecta-har-dumpat-amerikanska-statspapper/
Von CartographerThese487
18 Kommentare
A good start. Hopefully more join in.
Waiting on the Norwegian Oil Fund to do the same, which is even bigger, and likely will make it really crack.
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)
More. MORE!
Dump it, lfg
It begins.
Imagine if Norwegian wealth fund would start doing the same
Good job
While they are still worth something. Smart move.
Good, keep those sell-offs coming Europe!
So it begins
Juicy, be interesting to see the reaction.
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!
Can someone explain the effects of this in ELI5 manner? (Ok maybe ELI10 or 15 works too)
This is the second pension fund selling US treasury bonds after the danish one (news from yesterday).
Who’s buying?
The danish pension fund only listed for sale
Good. Very good.
Can’t wait for Finland to be left as the bagholder, because our current government’s whole identity is based on appeasing the US.