A Danish pension fund's move to dump US Treasuries might be premature. Anne Walsh, chief investment officer at Guggenheim Partners, pushes back against AkademikerPension's strategy of exiting Treasury positions. According to Walsh, abandoning US debt instruments could be a misstep for long-term investors seeking stable returns and portfolio diversification. The disagreement highlights a key debate in the investment world: whether Treasuries remain a reliable anchor in a volatile market, or if institutions should redirect capital elsewhere. For pension funds managing massive assets, these allocation decisions carry serious weight—they ripple through markets and shape how billions flow into different asset classes. Walsh's perspective suggests that premature exits could leave money on the table, especially if yields remain attractive or geopolitical shifts create new demand for safe-haven assets like US government debt.