US EditionBessent dismisses Denmark as ‘irrelevant’
Secretary Bessent said European Treasury sales are minor and emphasized record foreign demand for U.S. debt amid tensions over Greenland and tariff threats.
- On Wednesday at the World Economic Forum, Scott Bessent dismissed AkademikerPension's $100 million sale of U.S. Treasuries as too small to matter and said he was not concerned.
- President Donald Trump threatened 10% tariffs on eight European countries as part of a push over Greenland, saying levies would start on Feb. 1 and later rise to 25%.
- Stocks and Treasuries fell, as U.S. stocks and bond prices tumbled and yields spiked while investors accelerated selling Tuesday amid the dispute.
- Bessent pointed to market resilience, saying the U.S. has seen 'record foreign investment' in U.S. Treasury bonds, while Europe's holdings have been cited as a potential countermeasure.
- Bessent argued Greenland is a national security concern due to Arctic warming and new trade routes, adding `President Trump has made it clear that we will not outsource our national security or our hemispheric security to any other countries`.
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Elizabeth Warren Slams Scott Bessent: 'Huge Deal' If The World Stops Buying US Treasuries — Americans Will Pay Higher Interest Rates On Mortgages
Sen. Elizabeth Warren (D-Mass.) slammed Treasury Secretary Scott Bessent for downplaying the risks of waning global demand for U.S. Treasuries. It’s A ‘Huge Deal’ On Wednesday, in a post on X, Warren criticized Bessent’s comments during the World Economic Forum at Davos, when he said that he was “not concerned at all” about investors selling American Treasuries. “It's a huge deal,” Warren said, warning that because Treasuries are seen as the ben…
Bessent calls Denmark ‘irrelevant,’ shrugs off US Treasury sell-off amid Trump’s Greenland threats
Treasury Secretary Scott Bessent called Denmark “irrelevant” Wednesday as he shrugged off concerns about a US Treasury sell-off following President Trump’s heightened threats to annex Greenland.
'Denmark irrelevant': Bessent rejects Europe's threat to sell US treasury bonds over Trump's Greenland push
"Denmark’s investment in US Treasury bonds, like Denmark itself, is irrelevant," Bessent said, adding, “They’ve been selling treasuries for years. I am not concerned at all”
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