According to the Financial Times, the Bank of Norway's Investment Management Department proposed a major adjustment to the government bond portfolio. It is estimated that this move may reduce its US treasury bond holdings by about 80 billion US dollars. The report quoted a letter from the Bank of Norway to the country's Ministry of Finance on Tuesday. The Bank of Norway's investment management department proposed in the letter to reduce the weight of government bonds in the fund bond benchmark index from 70% to 50%.

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