alt Hacker News> It's symbolism.
It's not. This is where the financial rubber meets the road, actions have consequences, and the rest of the world is looking at the US as increasingly unlikely to pay above inflation on its debts.
The people managing the pension funds (if they are acting in good faith) really want to generate yield, and really want to preserve capital for the Danish people. They don't want to symbolically do those things, they want to actually do them. If treasuries were still part of what they believe to be the best strategy, they would still be holding them.
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> This is where the financial rubber meets the road, actions have consequences
This is $100M. No one will notice it.
Be a bit realistic here.
Maybe you have no skin in the game, so you can be idealistic.
There's no chance US will default on its debts, all it has to do is to print more money.
Inflation may spirale, but it's going to be a US citizens problems (as well as US bond holders) in terms of inflation and budget cuts.
> really want to generate yield
Treasuries are not the best way to do this. Almost any investment is better than yeeting a substantial portion of your net worth into Treasuries or a savings account.
> really want to preserve capital
Fiat currency, or bonds that promise payouts in fiat currency, are excellent for short-term capital preservation and terrible for long-term capital preservation, as every government that uses fiat currency has succumbed to the temptation to print more of it whenever it seems expedient.
Gold or Bitcoins are far better for preservation of capital.
> debts
This is shoehorning. We’re threatening to go to war with Denmark. You don’t want to be owed money by folks who are attacking you.