[European institutions adjust U.S. bond allocations to release signals] September 19th, the U.S. 10-year Treasury bond yield recently exceeded 5%, the highest level since 2007. As the total U.S. federal government debt exceeded US$40 trillion in August, some European institutions began to adjust the allocation of U.S. debt and other assets, drawing further attention to the pressure on the U.S. debt market. Norges Bank Investment Management recommended reducing the proportion of government bonds in its bond investment benchmark from 70% to 50%. Reuters estimates that if the relevant adjustments are finally implemented, the fund's current U.S. Treasury bond holdings of approximately $215 billion may be reduced by nearly $80 billion, and U.S. Treasury bonds will become the single largest reduction in government bond types in this adjustment. Swiss asset management institution Swescanto recently released a report saying that the 30-year U.S. Treasury bond yield has recently exceeded its previous fluctuation range, and the institution has therefore reduced its allocation to long-term U.S. Treasury bonds. The British firm Brown-Shipley believes that although the U.S. Treasury Department’s expansion of long-term Treasury bond repurchases can temporarily support bond prices, in the long run it will be difficult to solve the fundamental problems facing the U.S. finance, so it maintains its underweight recommendation on U.S. debt in the short term. (CCTV Finance)