Saudi Arabia increases its holding of US bonds to $117.1 billion ‎

The monthly report of the US Treasury Department issued a short while ago revealed that Saudi Arabia had increased its holdings of US Treasury bonds and bills by the end of last September to $117.1 billion, an increase of $5.1 billion compared to the previous month of August, an increase of 4.6%, but it remains lower than its level about a year ago. $3.9 billion in September 2022, a decline of 2.9%

The increase in the Kingdom’s possession of US bonds and treasury bills during the month of September comes for the third month in a row, after it rose by $2.8 billion last August and was preceded by a rise of $1.1 billion in the previous July, to rise within 3 months (July – September 2023) by about $9 billion, compensating for the declines witnessed during the period (April – June 2023), which amounted to $8.1 billion.

As a result of the Kingdom increasing its holdings of US bonds and treasury bills last September, the Kingdom advanced to 17th place globally among the largest investors in US bonds and treasury bills, after it was ranked 18th last August. The Kingdom leads the Arab countries in investing in US Treasury bonds, while no Arab country appears on the list of the 20 countries that invest most in US Treasury bonds and bills.

The Kingdom’s holdings of US Treasury bonds and bills are distributed between $102.12 billion long-term bonds, at a rate of 87.2%, and about $15 billion in short-term Treasury bonds and bills, at a rate of 12.8%.

The possession of US bonds and US Treasury bills by various countries around the world witnessed a decline of $101.6 billion during the month of last September, falling to about $7.6 trillion, compared to about $7.7 trillion in August 2023.

Japan leads investors in US bonds and treasury bills with ($1.088 trillion), followed by China ($778.1 billion), then the United Kingdom ($668.9 billion), Luxembourg ($373.6 billion), then Belhika ($307 billion). ), then the Cayman Islands ($314.8 billion), followed by Ireland ($295 billion), followed by Canada ($290.5 billion), then Switzerland ($280.1), then Taiwan ($236.3 billion), followed by India ($229.1 billion), then France ($228.2 billion), then Brazil ($223 billion), then Hong Kong ($197 billion), then Singapore ($187.3 billion), followed by Norway ($121.6 billion), then Saudi Arabia in 17th place.