Treasury Secretary Bessent says Denmark and its investment in the US are 'irrelevant' [View all]
Source: CNN Politics
Updated Jan 21, 2026, 9:54 AM ET
PUBLISHED Jan 21, 2026, 8:53 AM ET
Treasury Secretary Scott Bessent on Wednesday offered some biting words about Denmark, which maintains territorial control over Greenland, after the European country’s pension fund announced it would unwind its investment in US government bonds.
Bessent said in response that Denmark and its investment in the United States were “irrelevant.”
“Denmark’s investment in US Treasury bonds – like Denmark itself – is irrelevant,” Bessent told reporters at the World Economic Forum in Davos, Switzerland, when asked how concerned he is about institutional investors in Europe potentially pulling out of Treasuries. “It is less than $100 million. They’ve been selling Treasuries. They have for years,” Bessent continued, adding, “I’m not concerned at all.”
Bessent was referring to AkademikerPension, the Danish pension operator, which said this week it was dumping its $100 million worth of US Treasury holdings because of “poor government finances.”
Read more: https://www.cnn.com/2026/01/21/politics/scott-bessent-denmark-us-investment
Who knew he would manage to outdo both Paulson AND Mnuchin.
An avalanche doesn't happen all at once. It starts with small slides of snowpack before the whole area begins to collapse.
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