El-Erian said if the FT report that Norway’s sovereign wealth fund plans to cut U.S. Treasury holdings by about $80 billion is confirmed, it would further indicate that a cohort of long-standing, stable buyers of U.S. debt is diminishing. He cited shifts in Japan and GCC economies driven by rising domestic financing needs.

2026-09-04

El-Erian said if the FT report that Norway’s sovereign wealth fund plans to cut U.S. Treasury holdings by about $80 billion is confirmed, it would further indicate that a cohort of long-standing, stable buyers of U.S. debt is diminishing. He cited shifts in Japan and GCC economies driven by rising domestic financing needs.