Swedish pension giant Alecta has sold 8.8 billion of US government bonds, cites political stability
Posted by housingANDTransitPLS
Swedish pension giant Alecta has sold 8.8 billion of US government bonds, cites political stability
Posted by housingANDTransitPLS
1 Comment
Submission statement
Following Trump’s election, Alecta viewed US politics as unstable and decided to divest from US bond holdings. Through all the auctions, they sold their 8.8 billion in holdings and stopped buying to hedge against the US currency.
Pretty big that such a massive player is making this move, and if more follow, could be catastrophic. US bond yields have already spiked. Trump is touching the stove I’m afraid.