AcademikerPension (Danish Teachers and Scholars Pension Fund) will fully offset its approximately $100 million US Treasury holdings by the end of January, 📉 in response to concerns about the sustainability of US fiscal policy. Chief Investment Officer Anders Schedl views US credit as “not good,” and blames Trump’s policies for accelerating this decision, ⚠️ with statements related to diplomatic disputes such as Greenland. The fund’s original bond holdings were mainly used for risk management and liquidity assurance, providing stability during market stress, but now considers US debt risk to have exceeded its risk standards. The fund mentions that the widening deficit, debt ceiling battles, ratings agency warnings, and potential dollar weakness make US Treasuries no longer align with its risk appetite for European investors. This move is a rare public condemnation and one of the first among the world’s largest bond holders (such as Japan, the UK, China, etc.) to explicitly divest. 📊 US Treasuries are still heavily held by the US Federal Reserve, mutual funds, pension funds, and large corporations (such as Berkshire Hathaway, Tether), forming a pillar of the global financial system. 🇺🇸