U.S. Treasury bonds sell - off
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Scott Bessent says U.S. is unconcerned by Treasury sell-off over Greenland, calls Denmark ‘irrelevant'
CNBC· 2026-01-21 07:45
Group 1 - Denmark's investment in U.S. Treasury bonds is deemed irrelevant by U.S. Treasury Secretary Scott Bessent, who emphasized that the amount is less than $100 million and has been declining for years [1][3] - President Trump's threats to impose 10% tariffs on eight European countries, potentially rising to 25%, have created market volatility, impacting U.S. stocks and bond prices [2] - Danish pension operator AkademikerPension announced the sale of $100 million in U.S. Treasuries, citing concerns over poor U.S. government finances [3] Group 2 - Bessent expressed no concern over European investors pulling out of U.S. Treasuries, highlighting that the U.S. has experienced record foreign investment in these securities [3] - The notion of a European sell-off of U.S. assets originated from a single analyst at Deutsche Bank, which was later disavowed by the bank's CEO [4] - Bessent noted that the Japanese bond sell-off following a snap election has influenced other markets, indicating interconnectedness in global financial markets [4]