Norway’s Massive Oil Fund Proposes Selling Roughly $80 Billion in U.S. Treasurys

The manager of Norway’s $2.4 trillion sovereign-wealth fund proposed cutting its holdings of government bonds and adding riskier debt to boost returns, a move that would shrink its portfolio of U.S. Treasurys by about $80 billion.Norges Bank Investment Management—the arm of the central bank that manages the world’s largest sovereign-wealth fund, commonly known as the oil fund—said in a letter to Norway’s finance ministry that the portion of its bond portfolio allocated to government debt should be cut to 50% from 70%.Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Videos