U.S. Treasury Secretary Scott Bessent downplayed a Danish pension fund's sale of $100 million in U.S. Treasurys, calling it irrelevant. The sale by AkademikerPension cited 'poor government finances' and came amid escalating tensions over Greenland. Bessent insisted the U.S. has seen record foreign investment in its debt, dismissing the small transaction.

The market reaction followed President Trump's threats to impose 10% tariffs on eight European nations, part of his push to acquire Greenland. This 'sell America' trade caused U.S. stocks and bond prices to fall, with yields rising. Bessent framed Greenland as a national security imperative due to Arctic trade routes and competition with Russia and China.

Bessent urged European leaders to 'take a deep breath,' arguing Greenland must become part of the U.S. for hemispheric security. He cited the U.S. Virgin Islands purchase from Denmark during World War I as precedent. The administration is pressing allies, criticizing the U.K. for its handling of a shared base on Diego Garcia.