💸 💸 Swedish pension fund Alecta cuts US Treasury holdings, citing policy uncertainty // Reuters
｢ Since the beginning of 2025, we have reduced our holdings in U.S. government bonds in several rounds, and together the reductions account for the majority of our holdings ...
We have also continued to maintain a high currency hedging ratio against the U.S. dollar ｣
🪦 The Dollar is Dead
｢ As monetary policy itself becomes a proxy for executive overreach, we will see the world continue to dedollarize, and sell off bad debt denominated in USD. The Fed’s balance sheet will continue to fill up with T-Bills and empty promises, and at this point, the spell will be broken and the US Dollar will be seen for what it is: Paper and Bits ｣
