For the second month in a row…Saudi Arabia cut its holding of US bonds to $130.5 billion

The monthly report of the US Treasury Department revealed that Saudi Arabia reduced its holdings of US bonds and Treasury bills by the end of last February to $130.5 billion, a decrease of $300 million compared to January 2024, a decrease of 0.3%. However, it recorded an annual increase of $18.8 billion from its level a year ago, with a percentage increase. 17%.

The recorded decline in the Kingdom’s possession of US bonds and treasury bills during the month of February marks the second month in a row in which a decline was achieved after ending the year 2023 at the level of $132 billion, following a series of increases that extended during the second half of last year, specifically since July 2023, which rose. It will continue to rise to $109.2 billion until December 2023 to $132 billion, an increase of $22.8 billion.

Despite the Kingdom reducing its holdings of US bonds and Treasury bills last February, the Kingdom maintained the 17th position among the largest countries investing in US bonds and Treasury bills, as the Kingdom leads the Arab countries in investing in US Treasury bonds, while no Arab country appears in 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 $105.7 billion in long-term bonds, at a rate of 81%, and about $24.8 billion in short-term bonds and bills, at a rate of 19%.

Various countries around the world’s possession of US bonds and treasury bills witnessed an increase of $20 billion during the month of February, rising to about $7.965 trillion, compared to about $7.945 trillion in January 2024.

Japan leads investors in US bonds and treasury bills with ($1.168 trillion), followed by China ($775 billion), then the United Kingdom ($700.8 billion), Luxembourg ($379 billion), then Canada ($353.8 billion). Belhika ($320 billion), followed by Ireland ($316.9 billion), followed by the Cayman Islands ($302.6 billion), then France ($284 billion), then Switzerland ($256.6), then Taiwan ($255.6 billion), followed by India ($234.7 billion). Then Brazil ($225.6 billion), then Hong Kong ($212.5 billion), then Singapore ($205.4 billion), then Norway ($130.5 billion), then Saudi Arabia in 17th place.