Saudi holdings of US Treasuries rose to $135.9B in March 2024

16/05/2024 Argaam Special

Saudi holdings of US Treasuries rose to $135.9B in March 2024


 Saudi Arabia’s holdings of US Treasuries reached $135.9 billion in March 2024, up $4.8 billion month-on-month (MoM), new data released by the US Treasury showed.

 

The Kingdom maintained 17th place among the largest holders of US treasury securities for the month.

 

Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $107.3 billion, representing 79% of the total, and short-term bonds worth $28.6 billion, accounting for 21%.

 

The table below shows the development in Saudi holdings of US Treasuries:

 

  Saudi Holdings of US Treasuries*

Month

Value

($ bln)

Change

($ bln)

January 2023

111.0

(8.7)

February

111.7

+0.7

March

116.2

+4.5

April

113.3

(2.9)

May

111.3

(2.0)

June

110.7

(0.6)

July

109.2

+1.5

August

112.0

+2.8

September

117.1

+5.1

October

117.5

+0.4

November

128.1

+10.6

December

132.0

+3.9

January 2024

133.5

+1.5

February

131.1

(2.5)

March

135.9

+4.8

*Data was updated as per the latest reading

 

 

Japan was the top holder of US Treasuries in March, with nearly $1.18 trillion. China came in second with $767.4 billion, as the following table shows:

 

US Treasury Bonds Holders – March 2024

 

Rank

 

Country

Value

($ bln)

1

 

Japan

1,187.8

2

 

China

767.4

3

 

UK

728.1

4

 

Luxembourg

399.3

5

 

Canada

359.1

6

 

Ireland

317.8

7

 

Belgium

317.1

8

 

Cayman Islands

302.9

9

 

France

283.1

10

 

Switzerland

262.9

11

 

Taiwan

259.0

12

 

India

240.6

13

 

Brazil

227.1

14

 

Singapore

208.0

15

 

Hong Kong

202.2

16

 

Norway

148.7

17

 

Saudi Arabia

135.9

Others

 

1,744.8

 

Total Foreign Holdings

 

8,091.8

 

 

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