Danish Pension Fund To Dump All US Treasuries Citing 'Rising Credit Risk': Executive Says America's Finances Are No Longer 'Sustainable' - SPDR Gold Shares (ARCA:GLD), iShares U.S. Treasury Bond ETF (

Core Viewpoint - A Danish pension fund, AkademikerPension, plans to sell all its U.S. Treasury securities by the end of January due to concerns over credit risk associated with U.S. fiscal and political developments [1][2]. Group 1: Fund's Decision and Rationale - AkademikerPension, managing $25 billion in assets, will dispose of its U.S. government debt holdings, citing unsustainable U.S. government finances as a long-term concern [2]. - The Chief Investment Officer, Anders Schelde, highlighted "rising credit risk" linked to Trump's policies and mentioned that the fund held approximately $100 million in U.S. Treasuries at the end of 2025 [3]. - The fund will shift its strategy to utilize cash in USD, short-dated agency debt, and similar instruments instead of U.S. Treasuries [4]. Group 2: Market Implications - Economist Mohamed El-Erian noted that a significant vulnerability for U.S. government bonds and the dollar is that many investors are already "overweight" on these assets, making headlines like this concerning [5]. - Precious metals, including gold and silver, are experiencing a rally as investors move capital away from U.S. Treasuries and dollar-denominated assets, with the SPDR Gold Trust seeing a 3.78% increase [6]. - The SPDR Gold Trust is performing well in momentum rankings, indicating a favorable price trend across various time frames [7].