[brookst]

It’s the symbolism more than direct financial impact. You get 100 moves like this and it starts to become real money.

[nonethewiser]

It's not a symbolic move by the pension fund. It's all of the fund's US treasuries.

[marcusverus]

100 moves of this size (~$10B) would make up 0.1% of foreign-held US treasuries (~$8.5T).

[mmkos]

I'd say each move like this increases the likelihood of the next one happening, and typically, nobody wants to be the last one holding the bag.

[rhubarbtree]

And the big European nations own ~ 23% of US debt. This is not a one-sided contest. Oddly, it does feel like trump is what europe needed to wake up from its slumber. With new AI / startup funding, the rebuild of their military, and opening up to china this could be the making of the EU into a true superpower. About time.

Edit: percentage down from 30% clarify debt