Norway’s Oil Fund proposes cutting U.S. Treasurys by about $80B
Norway’s $2.4 trillion sovereign-wealth fund manager proposed reducing government-bond holdings and adding riskier debt, which would shrink U.S. Treasurys holdings by about $80 billion.
By Michael HennesseyThe manager of Norway's $2.4 trillion sovereign-wealth fund proposed cutting its holdings of government bonds and adding riskier debt to boost returns, a move that would shrink its portfolio of U.S.
Treasurys by about $80 billion.Norges Bank Investment Management--the arm of the…