Danish "Academic Pension Fund" announced on the 20th that it will sell U.S. government bonds worth $100 million before the end of this month. The reason is the deteriorating financial situation of the U.S. government and rising policy risks. It was specifically noted that this move has no direct connection with the dispute between the U.S. and Europe over Greenland, but acknowledged that Trump's tough policies accelerated the decision.
U.S. Treasury Secretary Bensont responded to this by saying: "This matter is as 'irrelevant' as Denmark itself."
On the 21st, U.S. Treasury Secretary Bensont was asked about this matter at the Davos Forum:
"The investment of Denmark in U.S. Treasury bonds is as irrelevant as Denmark itself. They have been selling for years, and I am not worried at all."
He further attributed the volatility in the U.S. bond market to the "spillover effect of Japanese government bonds" and said he had asked Japan to intervene.
This incident triggered a chain reaction in Europe
Sweden follows suit: After Bensont's statement, Sweden's largest pension fund Alecta (managing assets over $115 billion) sold $7.7 billion to $8.8 billion in U.S. Treasury bonds within 48 hours, far exceeding the scale of Denmark's sale.
Market panic spreads: U.S. bond yields surged, gold prices jumped by $40 in a single day, and the EU discussed "de-dollarization" plans.
A single stone stirs up thousands of waves, Bensont's remarks were extremely insulting and highly damaging.
Original: toutiao.com/article/1855077251825728/
Statement: This article represents the views of the author."