TODAY’S NUMBERS $80bn (Norway fund’s proposed Treasury cut) · 4.79% (US 10-year Treasury yield) · 289t (record Q2 central-bank gold buying) Sovereign money is leaving government bonds for private credit and gold as governments need to borrow more than ever — that’s today’s gap. This week Norges Bank Investment Management, which runs Norway’s $2.3 trillion [...] The post Norway’s $2.3 Trillion Fund Is Cutting Treasuries. Here’s Who’s Left Holding Washington’s Debt appeared first on Modern Diplomacy .