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Sweden's largest pension fund has sold off most of its holdings of U.S. Treasury bonds.
GateNews
BlockBeats News, January 21 — Sweden’s largest pension fund Alecta has sold off the majority of its holdings in U.S. Treasury bonds, with the sale amounting to approximately 70 billion to 80 billion SEK (7.7 billion to 8.8 billion USD). Alecta attributed this to increased policy risks and unpredictability in the United States.
The day before, Danish pension fund Akademiker Pension also announced it would sell about 1 billion USD worth of U.S. Treasury bonds, citing growing concerns over U.S. fiscal sustainability and policy direction leading to credit risk. (Jin10)
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