Norway’s sovereign wealth fund proposes cutting U.S. Treasury holdings
Norway’s sovereign-wealth fund has proposed a major cut to its U.S. Treasury bond holdings amid higher interest rates and surging debt levels.
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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.