# U.S. Treasuries

Trump’s Greenland Gambit and a European Exodus from U.S. Debt Raise Global Political and Market Stakes

Trump’s public manoeuvres over Greenland and a vague NATO “agreement framework” have prompted European pension funds to reduce U.S. Treasury holdings, exposing how geopolitical unpredictability can transmit into markets. The episode sits alongside fresh military tensions with Iran, commodity rallies and corporate guidance shocks, underlining a fragile intersection of politics, finance and strategic resources.