According to @KobeissiLetter, Denmark’s holdings of US Treasuries have dropped to about $9 billion, the lowest level in 14 years. According to @KobeissiLetter, the country reduced its position by roughly $4 billion over the last year, about 30%. According to @KobeissiLetter, holdings are now more than half below the 2016 peak, signaling a continued drawdown in this foreign holder’s UST exposure.