Norwegian Fund to Cut U.S. Bond Holdings
Norwegian Sovereign Wealth Fund reduces its stake in U.S. bonds from 34% to 21% to enhance diversification and achieve higher returns, amid pressures on the U.S. Treasury bond market and rising yields to their highest level in a decade. It also plans to increase investments in corporate bonds and mortgage-backed securities, considering these assets as opportunities to reduce volatility and secure long-term returns. The shift aims to lower risks and boost yields, especially in light of increasing debt burdens and global market pressures.
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