From Bloomberg: Kazakhstan’s National Oil Fund may reduce holdings of U.S. Treasuries and invest in Brazilian and South Korean debt, central bank Chairman Grigori Marchenko said.
“There won’t be a radical cut in the share of National Oil Fund assets invested in U.S. debt,” Marchenko said during a Nov. 2 interview in the financial capital, Almaty. “In theory, the share could be cut to 35 percent from 40 percent, but this must be a considered, step-by-step decision.”………………………………………Full Article: Source