Norway's wealth fund eyes shift from Treasuries to riskier U.S. debt
Norges Bank Investment Management recommended reducing its U.S. Treasury holdings by $80 billion and increasing exposure to mortgage-backed securities and other government-related debt. The proposed rebalancing would keep overall dollar-denominated assets roughly unchanged at about 52.5%. The fund cited the need for broader risk premiums and diversification, though the move comes amid rising U.S. fiscal and geopolitical concerns.
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Original headline: “Top sovereign wealth fund may dump $80 billion in Treasury bonds — and load up on other types of U.S. debt with more risk.” Browse more stories.