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US Treasury Secretary Dismisses Denmark's Investment Concerns Amid Global Tensions

KVIA•Wednesday, January 21, 2026 at 1:53 PM•CNN Newsource

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During the World Economic Forum in Davos, Treasury Secretary Scott Bessent downplayed Denmark's recent decision to divest $100 million from US Treasury bonds, labeling the investment as 'irrelevant.' This remark comes in light of the Danish pension fund AkademikerPension's concerns over US government finances. Bessent emphasized that Denmark's holdings have significantly decreased from nearly $18 billion in 2021 to just under $10 billion today. His comments also reflect broader anxieties regarding potential European divestment from US debt amid geopolitical tensions, especially with President Trump's controversial interest in acquiring Greenland. Bessent's remarks aim to reassure markets that demand for US Treasuries remains strong despite these challenges.

Key Details: • AkademikerPension is divesting $100 million from US Treasuries due to financial concerns. • Denmark's total US Treasury holdings have dropped from $18 billion in 2021 to under $10 billion now. • Bessent criticized a Deutsche Bank analyst's warning about European divestment, calling it unfounded.

investment denmark geopolitics us-treasury world-economic-forum

People & Organizations

Donald TrumpGreenlandScott BessentDeutsche BankDavosAkademikerPension

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