Saudi Arabia’s holdings of US Treasuries reached $128.1 billion in November 2023, up $10.6 billion month-on-month, the highest level since July 2021, new data released by the US Treasury showed.
The Kingdom advanced to 16th place among the largest holders of US Treasuries for the month.
Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $105.2 billion, representing 82% of the total, and short-term bonds worth $22.9 billion, accounting for 18%.
The table below shows the development in Saudi holdings of US Treasuries since 2022:
|
Saudi Holdings of US Treasuries* |
||
|
Month |
Value ($ bln) |
Change ($ bln) |
|
January 2022 |
119.4 |
+0.4 |
|
February |
116.7 |
(2.7) |
|
March |
115.5 |
(1.2) |
|
April |
115.7 |
+0.2 |
|
May |
114.7 |
(1.0) |
|
June |
119.2 |
+4.5 |
|
July |
121.6 |
+2.4 |
|
August |
122.1 |
+0.5 |
|
September |
121.0 |
(1.1) |
|
October |
120.7 |
(0.3) |
|
November |
121.5 |
+0.7 |
|
December |
119.7 |
(1.7) |
|
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 |
108.7 |
(2.6) |
|
July |
109.2 |
+0.5 |
|
August |
112.0 |
+2.8 |
|
September |
117.1 |
+5.1 |
|
October |
117.5 |
+0.4 |
|
November |
128.1 |
+10.6 |
Japan was the top holder of US Treasuries in November, with nearly $1.12 trillion. China came in second with $782 billion, as the following table shows:
|
US Treasury Bonds Holders – November 2023 |
||
|
Rank |
Country |
Value ($ bln) |
|
1 |
Japan |
1127.5 |
|
2 |
China |
782.0 |
|
3 |
UK |
716.2 |
|
4 |
Luxembourg |
371.2 |
|
5 |
Canada |
321.1 |
|
6 |
Cayman Islands |
319.1 |
|
7 |
Ireland |
314.9 |
|
8 |
Belgium |
296.5 |
|
9 |
Switzerland |
276.2 |
|
10 |
France |
259.8 |
|
11 |
Taiwan |
238.0 |
|
12 |
India |
224.9 |
|
13 |
Brazil |
224.9 |
|
14 |
Hong Kong |
211.1 |
|
15 |
Singapore |
196.2 |
|
16 |
Saudi Arabia |
128.1 |
|
Others |
1800.7 |
|
|
Total Foreign Holdings |
7808.4 |
|
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