General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDenmark To Sell Off US Treasury Bond
Is Denmark starting a trend?
It's only 100 million dollars, but the statement Denmark made was the US is not a good investment.
Will other countries cash in their US bonds?
Keep an eye on the bond market, it is going down along with the DOW. The only thing going up is the tangible investment of gold.
The dollar also dropped, which is Krasnov's goal, to crash the dollar.
https://www.msn.com/en-us/news/world/danish-pension-fund-sells-off-us-debt-amid-trump-greenland-row/ar-AA1UBnQs?ocid=msedgdhp&pc=HCTS&cvid=69710394a39042948ca6241d964720f4&ei=12
Irish_Dem
(80,156 posts)FrankBooth
(1,849 posts)A private Danish investment fund.
Fiendish Thingy
(22,259 posts)Equivalent to if Californias PERS divested from a particular fund.
Fiendish Thingy
(22,259 posts)Increased yield means the bond itself is worth less, and the US must raise the interest it pays to entice investors to buy them. That in turn triggers inflation, which in turn can trigger interest hikes at the Fed and a devaluation of the dollar (the dollar dropped yesterday as well).
Thats why TACO Don took the stage at Davos and backpedaled on using force to seize Greenland- he still covets Greenland, but he fears losing the midterms and his wealth more.