Danish pension fund decides to sell US Treasury bonds, stating that the US is no longer a good credit destination.

The Danish pension fund Akademiker Pension plans to sell all of its holdings of U.S. Treasury bonds by the end of January, citing credit risks associated with Trump's policies. "The overall creditworthiness of the U.S. is poor, and the fiscal situation of the U.S. government is unsustainable in the long run," said Anders Schelde, the fund's chief investment officer, on Tuesday. The fund manages approximately $25 billion in savings for teachers and academics, and its U.S. Treasury bond holdings are estimated at around $100 million by the end of 2025. Schelde explained that risk management and liquidity management were the only reasons for maintaining the Treasury bond holdings, but "we decided we could look for other alternatives." Among the factors driving this decision, Schelde cited Trump's threatening rhetoric regarding Greenland. Concerns about fiscal discipline and a weak dollar also prompted the fund to reduce its exposure to U.S. assets. (Jinshi)