It’s the symbolism more than direct financial impact. You get 100 moves like this and it starts to become real money.
It's not a symbolic move by the pension fund. It's all of the fund's US treasuries.
100 moves of this size (~$10B) would make up 0.1% of foreign-held US treasuries (~$8.5T).
It's not a symbolic move by the pension fund. It's all of the fund's US treasuries.