Bessent dismisses Denmark’s US bond stake as irrelevant at Davos
At Davos US Treasury Secretary Scott Bessent called Denmark’s investment in US Treasuries “irrelevant” after AkademikerPension said it would dump about $100 million in Treasuries. He noted Denmark’s holdings are tiny (under $10B in a $30.8T market) and dismissed warnings from Deutsche Bank that European asset sales could raise borrowing costs, saying Treasuries remain in high demand despite Europe’s large overall holdings, including the EU’s roughly $8 trillion stake.
