Catenaa, Friday, January 23, 2026- Denmark’s AkademikerPension said it would sell its $100 million holdings in US Treasurys, citing concerns over America’s fiscal health amid rising national debt and budget shortfalls.
The academics-focused fund plans to exit the position by the end of January, according to a spokesperson.
The decision comes as tensions between the US and Denmark intensify over President Donald Trump’s threats to take control of Greenland. Trump has warned of tariffs on European nations if Greenland is not sold to the US, prompting concerns that allies could retaliate economically.
Investing chief Anders Schelde said the fund’s move is primarily driven by US government finances, including a $1.78 trillion budget deficit recorded last year.
Moody’s downgraded the US sovereign credit rating to Aa1 from Aaa in May, citing high borrowing costs and fiscal imbalance.
Schelde emphasized that the fund found alternative methods for liquidity and risk management, prompting the sale.
The geopolitical strain has already affected markets.
Greenland’s Prime Minister Jens-Frederik Nielsen said the territory would resist pressure, uphold dialogue, and adhere to international law.
European officials are reportedly evaluating counter-tariffs and economic measures in response to Trump’s proposals. Bridgewater Associates founder Ray Dalio highlighted the risk of a broader selloff of US debt if conflicts escalate, calling it a potential era of “capital wars.”
