Swedish pension fund Alecta has sold most of its holdings in U.S. Treasuries over the last year because of the increased risk and unpredictability of U.S. politics, the fund's chief investment officer said on Wednesday.
Swedish business daily Dagens Industri reported, without identifying its sources, that Alecta sold 70 billion-80 billion Swedish crowns ($7.7 billion-8.8 billion) worth of U.S. Treasuries in the last year, out of a holding of 100 billion.
Looks like Sweden is following the same path as Denmark
Blue light special on TIPS in aisle 9 !!!
The US debt is on the order of tens of trillions of dollars and their big move is to dump on the order of ones of billions.
Not a great plan