After Denmark, Sweden has also joined the selling team. Sweden's largest pension fund, Alecta, has sold off the majority of its holdings in U.S. Treasury bonds, with the sale amounting to approximately 70-80 billion SEK (7.7-8.8 billion USD). On one hand, Japanese bond yields are soaring, and on the other hand, Europe’s sell-off of U.S. bonds expresses dissatisfaction with the U.S., directly leading to a surge in U.S. Treasury yields: Let’s see what move Trump makes next, otherwise U.S. stocks and Bitcoin will face pressure.