丹麦打响第一枪！250亿美元养老基金“清仓美债”，手握83万亿元美元资产的欧洲，会用资本“保卫”格陵兰岛？

Core Viewpoint - The Danish pension fund AkademikerPension has decided to divest approximately $100 million in U.S. Treasury bonds in response to the U.S. government's ultimatum regarding Greenland, signaling a potential shift of European capital away from the dollar and a move towards risk reduction against U.S. policies [1][5][9]. Group 1: Fund Actions and Implications - AkademikerPension, managing around $25 billion, is known for its high ethical investment standards and serves 170,000 Danish academic elites [3]. - The fund's Chief Investment Officer, Anders Schelde, cited the poor fiscal condition of the U.S. government as a primary reason for the divestment decision [3][5]. - The divestment is limited to U.S. government bonds, while investments in the U.S. private sector remain intact, indicating a targeted approach to risk management [5][9]. Group 2: Market Reactions - Following the announcement, the yield on 10-year U.S. Treasury bonds rose by 8.1 basis points, reaching a high of 4.31%, and closing at 4.29%, marking a five-month high [1][6]. - The 30-year Treasury bonds also saw a significant yield increase, reaching 4.95%, the highest in over four months, with the largest single-day drop since July [6][10]. Group 3: Broader Economic Context - The U.S. is facing increasing debt pressure, with a budget deficit of $1.78 trillion last year, and the situation is exacerbated by aggressive tariff policies under President Trump [5][9]. - European leaders are considering retaliatory economic measures, including the potential sale of dollar assets, in response to U.S. tariffs [5][15]. - The European nations hold approximately $12 trillion in dollar assets, with significant stakes in U.S. Treasury bonds, indicating their critical role as creditors to the U.S. [9][11]. Group 4: Expert Opinions - Ray Dalio, founder of Bridgewater Associates, warned of a potential new phase in global financial conflict, emphasizing the risks of capital wars and the need for countries to reassess their dollar asset allocations [1][14]. - Analysts suggest that the actions of AkademikerPension may trigger a "herd effect" among other European nations, reflecting a broader trend of risk aversion towards U.S. policies [9][16]. - The interdependence between the U.S. and Europe complicates the situation, as significant divestment from dollar assets could lead to adverse economic consequences for Europe itself [11][12].