US EditionBessent dismisses Denmark as ‘irrelevant’
Treasury Secretary Scott Bessent dismissed concerns about Denmark’s $100 million U.S. Treasury sale, highlighting record foreign investment amid Arctic security tensions.
- After Tuesday at the World Economic Forum, Michael Bessent dismissed AkademikerPension's sale of U.S. Treasurys as less than 100 and said he's not concerned.
- President Donald Trump threatened 10% tariffs on eight European countries as part of his Greenland push, saying levies would begin on Feb. 1 and later rise to 25%.
- Tuesday's selling accelerated when U.S. stocks and bond prices tumbled and yields spiked as investors reallocated amid the dispute.
- Bessent pointed to market resilience, saying Europe’s holdings in U.S. Treasuries could counter U.S. actions, while the U.S. sees record foreign investment in Treasury bonds.
- Framing the issue as strategic, Bessent said Greenland is a 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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