Saudi Arabia cuts its holdings of US bonds to $139.2 billion.. Decreased by $4.7 billion during October

The monthly report of the US Treasury Department issued a short while ago revealed that Saudi Arabia reduced its holdings of US bonds and treasury bills by the end of last October to $139.2 billion, a decrease of $4.7 billion compared to September 2024, a decrease of 3.3%, but it remains high compared to October 2023 by about $21.7 billion, an increase of 18.5%.

With the recorded increase in the Kingdom’s holdings of US bonds and treasury bills during last October, the Kingdom’s holdings of US bonds have ended their series of increases that extended for 5 months, specifically since May 2024, so that the increase during the 5 months (May – September 2024) reached about $8.5 billion.

Although the Kingdom reduced its holdings of US bonds and treasury bills last October, it remained at the same 17th position among the largest countries investing in US bonds and treasury bills, while no Arab country appeared in the list of the 20 countries with the largest investments in US bonds and treasury bills. The Kingdom’s holdings of US bonds and treasury bills are distributed between $111.9 billion in long-term holdings, representing 80%, and about $27.3 billion in short-term treasury bills and bonds, representing 20%. The world’s holdings of US treasury bonds and bills witnessed a decrease of $77.2 billion during last October, falling to about $8.596 trillion compared to about $8.673 trillion in September 2024. Japan tops investors in US treasury bonds and bills with ($1.103 trillion), followed by China with ($760.1 billion), a decrease of about $12 billion, then the United Kingdom ($746.0 billion), then Luxembourg ($420.0 billion), then the Cayman Islands ($409.1 billion), then Canada ($365.7 billion), followed by Belgium ($349.6 billion), followed by Ireland ($332.9 billion), then France ($330.1 billion), then Switzerland ($300.4), then Taiwan ($285.0 billion), followed by Singapore ($250.4 billion), then Hong Kong ($248.3 billion), then India ($241.6 billion), then Brazil ($228.8 billion), then Norway ($161.8 billion), then Saudi Arabia in 17th place.