World’s Biggest Sovereign Wealth Fund May Dump $80 Billion in US Treasuries — Here’s Where It Wants to Put the Money Instead
Norway's $2.3 trillion wealth fund wants to trim Treasury holdings and add mortgage-backed debt in a major bond overhaul.
A huge Norwegian savings account is moving money from US government bonds to home-loan bonds because they think home loans offer better returns right now. When big investors shift their money like this, it can tell us something about where smart money thinks opportunities are hiding.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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