#NorwaySWFEyes80BUSTCut

About NorwaySWFEyes80BUSTCut

Norges Bank Investment Management, which runs Norway's $2.3T sovereign wealth fund, proposed cutting government bonds in its fixed income benchmark from 70% to 50%. The FT estimates that trims Treasury exposure by nearly $80B, taking USTs from 34.1% to 21.9% of the benchmark. It is not a retreat from the US: most of the money would move into higher yielding US non-government debt, including MBS backed by Fannie Mae, Freddie Mac and Ginnie Mae. The plan goes to parliament in spring 2027.