Danish pension fund to sell $100 million in U.S. Treasurys
CNBC • • business
Key Points:
- Danish pension operator AkademikerPension is exiting its $100 million position in U.S. Treasurys due to concerns over poor U.S. government finances amid the country's growing debt crisis.
- The decision coincides with escalating tensions between Denmark and the U.S. following President Donald Trump's threats to impose tariffs on European countries if Greenland is not sold to the U.S.
- Moody's downgraded the U.S. sovereign credit rating in May, citing budget deficits and high borrowing costs, which influenced AkademikerPension's move to seek alternative liquidity and risk management strategies.
- The geopolitical dispute has caused market volatility, with rising treasury yields, a weaker U.S. dollar, falling stocks, and gold reaching record highs,
