Danish Fund Dumps Treasuries—To Buy U.S. Mortgage Bonds and Dollars

A Danish pension fund grabbed attention Tuesday by announcing plans to exit its U.S. Treasury holdings, a move that some observers linked to President Trump’s intensifying dispute with Denmark over Greenland.

But AkademikerPension is not pulling out of U.S. assets. Instead, it is shifting into other dollar-denominated instruments, including dollars and short-dated securities issued by U.S. housing agencies and government-backed mortgage institutions. This means the move more of a rotation within American fixed income than a “Sell America” statement.

AkademikerPension said it will sell roughly $100 million in Treasuries, citing concerns about…

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