| From Bloomberg: Norges Bank Investment Management, which oversees Europe’s largest sovereign wealth fund, favors European covered bonds over U.S. government debt as the global economy recovers from a recession.
Norway’s sovereign wealth fund, which manages 2.39 trillion-krone ($400 billion), is buying fixed-income securities backed by assets such as mortgages while avoiding Treasuries because of the “massive” amount of that debt being issued, according to Yngve Slyngstad, who manages the fund. ............Full Article: Source
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