1 Day
Source:
The Fiscal Times
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Largest sovereign fund to reduce U.S. Treasury assets
Norway's $2.3 trillion sovereign wealth fund plans to reduce its holdings of U.S. Treasurys and other government bonds to diversify risk and seek higher returns. The proposal would cut the bond allocation from 70% to 50%, decreasing Treasury exposure from 34.1% to 21.9%, while increasing holdings in Japanese government bonds and other assets. The move comes amid concerns over U.S. debt levels and shifting primary holdings from traditional buyers like Japan, China, and Gulf countries.
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