Denmark's US Treasury holdings are at record lows: The value of US Treasuries held by Denmark is down to ~$9 billion, the lowest in 14 years. Over the last year, the country decreased its holdings by -$4 billion, or -30%. Since the 2016 peak, holdings have more than HALVED. To put this into perspective, Denmark reflects less than 1% of the European $3.6 trillion ownership of US Treasury securities. Meanwhile, Danish pension fund AkademikerPension is planning to exit all Treasuries by the end of the month, citing concerns over rising credit risks under President Trump's policies. Denmark is quietly exiting US debt market.(The Kobeissi Letter)