Norway’s $2.3 trillion sovereign wealth fund plans to cut U.S. Treasury holdings as it seeks higher returns and diversification.

INTELLIGENCE SUMMARY

Norway’s $2.3 trillion sovereign wealth fund plans to cut U.S. Treasury holdings as it seeks higher returns and diversification. The move comes amid a global bond sell-off, multiyear-high U.S. yields, and inflation concerns tied to the Iran war. The fund's manager framed it as a push for broader returns, not a retreat from the U.S. The proposal will be submitted to Norway’s parliament in spring 2027. Source: CNBC