Waiting on the Norwegian Oil Fund to do the same, which is even bigger, and likely will make it really crack.
diamanthaende on
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.
Imagine if Norwegian wealth fund would start doing the same
47Up on
Good job
prof_dr_mr_obvious on
While they are still worth something. Smart move.Â
4n0m4l7 on
Good, keep those sell-offs coming Europe!
Cute-Breadfruit3368 on
So it begins
springoniondip on
Juicy, be interesting to see the reaction.
apegen on
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!
themaelstorm on
Can someone explain the effects of this in ELI5 manner? (Ok maybe ELI10 or 15 works too)
AstonMarco on
This is the second pension fund selling US treasury bonds after the danish one (news from yesterday).
y2kobserver on
Who’s buying?
The danish pension fund only listed for sale
GeneralErica on
Good. Very good.
FinestSeven on
Can’t wait for Finland to be left as the bagholder, because our current government’s whole identity is based on appeasing the US.
Haventyouheard3 on
This is a smart move. Sell now before the states start selling. If the states decide to sell, the prices will plummet.
Mattycope on
Trump promised more candles, let’s give him red candles!
Competitive-Dare-188 on
Is the perfect storm starting?
ingeniouspleb on
Danmark är vår sak! Fuck USA
Haydn2613 on
Smh Sweden just had to one up Denmark
peet192 on
The tic date on us debt ownership is always 45 days behind so if the rumors that Norway already started it’s sale in late December are true we will either see it when NBIMS yearly report comes out or when the tic data from December comes in February.
24 commenti
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.Â
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.
This is a smart move. Sell now before the states start selling. If the states decide to sell, the prices will plummet.
Trump promised more candles, let’s give him red candles!
Is the perfect storm starting?
Danmark är vår sak! Fuck USA
Smh Sweden just had to one up Denmark
The tic date on us debt ownership is always 45 days behind so if the rumors that Norway already started it’s sale in late December are true we will either see it when NBIMS yearly report comes out or when the tic data from December comes in February.