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Norway’s $2.3tn sovereign wealth fund loses $30bn amid global bond selloff

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Norway’s $2.3tn sovereign wealth fund, the world’s largest, recorded a $30bn investment loss in the third quarter as rising interest rates triggered a sharp decline in bond valuations, according to a report by CNBC. Norges Bank Investment Management (NBIM), which oversees the fund, reported a loss of 278bn kroner ($29.7bn) for the three months to September, with its fixed income portfolio returning -3.5% amid a global government bond selloff. The downturn followed a surge in sovereign bond yields as major central banks, including the US Federal Reserve, raised interest rates in response to per

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