Insights for Navigating an Uncertain World
“The world’s largest pension fund, Japan’s Government Pension Investment Fund, made a record cut to the weighting of Treasuries in its portfolio last fiscal year, sparking a global debt selloff. GPIF slashed it US government bonds and bills to 35% of foreign debt holdings in the 12 months ended March, from 47% previously, according to an analysis by Bloomberg of the latest data.”
World’s Largest Pension Fund Slashes US Treasury Exposure By Record Amount | ZeroHedge
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts
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