Down $1.1 bln.. Saudi Arabia reduces its holdings of US bonds ‎to $121 bln

The monthly report of the US Treasury Department, issued just before, revealed that Saudi Arabia reduced its holdings of bonds and US treasury bills at the end of last September to $121 billion, a decrease of $1.1 billion compared to the previous month of August, a decline of 0.9%, and an annual decrease of $2.8 billion compared to September 2021, down by 2.3%

By reducing the kingdom’s holdings of US bonds last September by 1.2 billion dollars, it would have stopped a series of increases that lasted for 3 consecutive months (June, July, August 2022), during which it pumped about 7.4 billion dollars.

According to the published data, Saudi Arabia ranks 16th in the world among the largest investors in US bonds and treasury bills, and comes at the forefront of Arab countries in investing in US treasury bonds, followed by Kuwait with a value of $49.9 billion in 26th place, then the United Arab Emirates in the center, the 27th, with a value of $ 48.3 billion

The Kingdom’s possession of US bonds and treasury bills is distributed between 102.9 billion dollars long-term, at a rate of 85%, and about 18.1 billion dollars in bonds and short-term treasury bills, at a rate of 15%.

The possession of various countries of the world of US bonds and treasury bills witnessed a decrease of $212.1 billion during last September, down to about $7.29 trillion, compared to about $7.50 trillion in August 2022, as China reduced last September its ownership of US bonds by about $38.2 billion to about $38.2 billion. 933.6 billion dollars, but it maintained the second position among the largest investors in US bonds and treasury bills, after Japan as the largest investor with a value of 1.12 trillion dollars, although it also reduced it from about 1.2 trillion dollars the previous month, down by 79.6 billion dollars.

The United Kingdom comes in third place with ($663.3 billion), then Belgium with ($325.1 billion), followed by the Cayman Islands with ($301.5 billion), Luxembourg ($298.6 billion), then Switzerland ($278 billion). It is followed by Ireland ($265.1 billion), then Brazil ($226.4 billion), followed by Taiwan ($216.9 billion), followed by India ($212.6 billion), then France ($207.7 billion), then Canada ($198.8 billion), then Hong Kong ($179.1 billion), then Singapore ($177.5 billion), then Saudi Arabia in 16th place.