Norway’s oil fund may cut US Treasury holdings by ~$80B

This is a striking signal from the world's largest sovereign fund, underscoring that even the most conservative global investors are reassessing the safety of US debt. The scale of the potential reduction could add meaningful supply pressure to Treasury markets, potentially affecting yields and the dollar's standing. The key question is whether this is a one-off portfolio rebalancing or the beginning of a broader shift in official-sector demand for US assets.