Nordic pension funds massively sell off US bonds: policy uncertainty triggers global asset allocation adjustments

LiquidityWitch · 2026-01-21T13:04:11+00:00

The two major Nordic pension funds, Alecta and Akademiker Pension, recently reduced their holdings of U.S. Treasuries, reflecting a reassessment of the fiscal risks in the United States by global institutions. Alecta sold most of its U.S. Treasuries, and Akademiker Pension also reduced its holdings by approximately $100 million, both due to concerns about the sustainability of the U.S. fiscal policy. This shift indicates a re-pricing by international capital of the U.S. macroeconomic fundamentals, which could impact capital allocation in the cryptocurrency market.

LiquidityWitch

2026-01-21 13:04:11

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【Blockchain Rhythm】Two major Nordic pension funds have recently adjusted their US debt holdings, reflecting a reassessment by global institutional investors of the US fiscal risks.

Sweden’s largest pension fund Alecta took the lead, selling off the majority of its US Treasury positions, with a transaction scale between $7.7 billion and $8.8 billion. The fund management attributed this move to the increasingly complex US policy environment, with risks and unpredictability clearly rising.

A day later, Denmark’s Akademiker Pension also announced a reduction of approximately $100 million in US debt holdings. Their publicly stated reasoning was more straightforward: doubts about the sustainability of US fiscal policy, coupled with policy shifts, have triggered concerns over dollar credit risk.

The sequential actions of these two established Nordic institutions reflect a re-pricing by international capital of the US macro fundamentals. When traditional safe-haven assets—US Treasuries—begin to lose their appeal, this signal warrants serious attention from global investors. For the cryptocurrency market, such macro risk shifts often drive capital to seek new allocation directions.

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MysteryBoxAddict

· 13h ago

U.S. debt is about to cool off, even pension funds are fleeing, indicating that major institutions have already seen through it. Now it's the retail investors' turn to take the fall, right? U.S. policies change daily; who dares to sleep with U.S. debt? The Scandinavians are still clear-headed with this move; what about us? Traditional safe-haven assets can't save us anymore; it seems we need to find a new way out.

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RunWhenCut

· 13h ago

U.S. bonds are out of favor, even pension funds are fleeing. This is a real signal.

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WhaleWatcher

· 13h ago

U.S. Treasuries have fallen out of favor, even Nordic pension funds are no longer interested This is a big deal, a collective run on major institutions signals trouble America has played itself into a mess, who can be blamed? Let's wait and see who else will start to sell off next; it feels like just the beginning In plain terms, the dollar's credibility is declining, who still dares to hold on?

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Anon4461

· 13h ago

Are US bonds no longer wanted? This is getting interesting haha Even pension funds are starting to run, which indicates the situation is indeed serious The policies on this side of the US are becoming more and more surreal, investment institutions probably need to recalculate their accounts too Nordic people always are the first to sense risk, learning from them is definitely the right move Everyone is selling US bonds, so what's next? Now that's the real question Big institutions are taking action, retail investors are still sleeping... US dollar credit risk? Ha, who used to dare say that before They've been fleeing within two days, it feels like a big storm is coming No way, even traditional safe-haven assets are unreliable now This might lead to a major reshuffle in global asset allocation

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0xSoulless

· 13h ago

Large funds are all fleeing, and we retail investors are still sleepwalking --- Again with US bonds and policy risks, to put it nicely, America's credit is starting to devalue --- Laughing to death, safe-haven assets can't save you anymore, there's really nowhere to hide your money now --- Nordic funds are cutting, soon it'll be our turn to step in and buy the dip --- US bonds no longer look attractive? Then what can we exchange our little stash of coins and paper for? Hope for rate cuts to extend life? --- Policy uncertainty... with the US as our parent, everyone feels anxious inside --- Finally, smart money is starting to run, but we're really a step too slow

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