Danish pension fund to sell $100 million in U.S. Treasuries due to "poor U.S. government finances"
CBS News • • business
Key Points:
- Danish pension fund AkademikerPension plans to sell its entire $100 million holdings in U.S. Treasuries by the end of the month, citing concerns over the U.S. government's financial stability and poor fiscal management.
- The fund will shift its investments to U.S. dollar assets and short-duration debt as part of a revised liquidity and risk management strategy, according to CIO Anders Schelde.
- Moody's downgraded the U.S. credit rating in May from Aaa to Aa1 due to rising government debt and policy uncertainties linked to President Trump's trade policies.
- The decision coincides with heightened tensions between the U.S. and Europe, including President Trump's efforts to acquire Greenland and threats of tariffs on NATO allies, though Akademiker
