Bessent Dismisses Europe's US Bond Threat, Calls Denmark 'Irrelevant' Amid Greenland Row

• US Treasury Secretary Scott Bessent rejected concerns about Europe selling US government bonds in response to Trump's Greenland push.
• Bessent stated Denmark's US Treasury holdings are 'irrelevant' and insignificant, noting they have been reducing exposure for years.
• His comments address speculation that European divestment from US debt could increase borrowing costs for the US.
• Danish pension fund AkademikerPension announced it would sell its US Treasury holdings, citing Trump's Greenland comments.
• Bessent dismissed the debate as exaggerated by 'fake news media' and clarified Deutsche Bank's official stance differs from a strategist's note.

Why It Matters: US Treasury Secretary Bessent downplayed European threats to sell US bonds, calling Denmark's holdings 'irrelevant'.