出大事了，欧洲抛售81亿美债后，白宫紧急下令，特朗普气得直破防

Core Viewpoint - The reduction of $8.1 billion in U.S. Treasury bonds by Danish and Swedish pension funds signals growing unease about U.S. debt sustainability and reflects tensions stemming from geopolitical issues, particularly related to Greenland [1][3][5][12]. Group 1: Actions and Reactions - Danish pension funds sold approximately $1 billion in U.S. Treasuries, while Swedish funds accounted for about $80 billion, totaling $81 billion in reductions [3][8]. - Trump's immediate threat of retaliation against Europe for further reductions indicates a heightened sensitivity to any perceived challenges to U.S. financial stability [1][12]. - U.S. Treasury Secretary Mnuchin's dismissal of the reduction as insignificant appears to be a strategy to maintain market confidence, despite the underlying concerns about European holdings of U.S. debt [10][22]. Group 2: Underlying Concerns - The pension funds' actions stem from a lack of confidence in the long-term security of U.S. debt, exacerbated by rising U.S. debt levels and unpredictable political behavior from Trump [5][15]. - The total amount of U.S. Treasuries held by European investors exceeds $3.6 trillion, representing nearly 40% of all foreign-held U.S. debt, indicating the significant role Europe plays in U.S. financial markets [8][22]. - The potential for a broader sell-off by European funds could lead to increased borrowing costs for the U.S. and greater financial market instability, raising alarms about the implications for the U.S. economy [17][23]. Group 3: Economic Context - The ongoing investigation into the Federal Reserve's operations and Trump's pressure for interest rate cuts highlight the precarious state of U.S. financial conditions, which could be further complicated by European actions [17][20]. - The interconnectedness of U.S. and European financial markets, including currency swap agreements, suggests that any significant sell-off of U.S. debt could have dire consequences for both economies [23][25]. - Despite the risks associated with U.S. debt, it remains one of the most liquid and relatively safe assets globally, compelling European investors to maintain their holdings despite dissatisfaction [25][27].