The portfolio restructuring announcement coincides with public criticism from Donald Trump, who called the failure of Norway to award him the Nobel Peace Prize an "indelible stain" on the country. The Trump administration’s comments follow the sovereign fund's move to diversify away from government debt.
Wednesday, October 21, 2026
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Norway Fund Proposes $80B Cut to US Treasuries
US Markets11 days ago
NBIM seeks to change the allocation of government bonds within its fixed-income benchmark from 70% to 50%. The manager of Norway's sovereign wealth fund submitted this proposal in September, which could result in the sale of nearly $80 billion of U.S. Treasuries. US Treasuries currently comprise the fund's largest sovereign-bond position with total holdings of approximately $215 billion.
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