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Utopia Talk / Politics / Countries dumping US treasury bonds
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Jesse Malcolm Barack
rank | Sun Jan 25 11:47:18 http://maaal.com/en/news/details/sweden-and-denmark-sell-o/ The Swedish pension fund announced it sold most of its holdings of US Treasury bonds last year, citing increased risk and the unpredictability of US policies. The fund explained that the decision was based on an assessment of the increased risk associated with US bonds and the dollar due to the unpredictability of US fiscal policies, the large budget deficit, and the high level of government debt. In a similar move, the Danish pension fund AkademikerPension announced it would sell its holdings of US Treasury bonds, worth about $100 million, before the end of the month, citing weakness in US finances. |
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