Saudi Arabia’s holdings of US Treasuries rose for the eight consecutive month by around $7.2 billion to $134 billion by the end of May, new data released by the US Treasury showed.
The Kingdom ranked as the 11th largest holder of US debt in May, while Japan and China topped the list with $1.11 trillion and $1.05 trillion, respectively.
Meanwhile, the United Arab Emirates (UAE) cut its holdings by $100 million to $60.5 billion, while Kuwait raised holdings of US Treasuries by nearly $300 million to $31.6 billion.
|
Saudi Holdings of US Treasuries |
||
|
Month |
Value (USD bln) |
Change |
|
January 2016 |
123.6 |
+4.7 |
|
February |
119.8 |
(3.8) |
|
March |
116.8 |
(3.0) |
|
April |
113.0 |
(3.8) |
|
May |
103.7 |
(9.3) |
|
June |
98.2 |
(5.5) |
|
July |
96.5 |
(1.7) |
|
August |
93.0 |
(3.5) |
|
September |
89.4 |
(3.6) |
|
October |
96.7 |
+7.3 |
|
November |
100.1 |
+3.4 |
|
December |
102.8 |
+2.7 |
|
January 2017 |
112.3 |
+ 9.5 |
|
February |
116.7 |
+ 4.4 |
|
March |
124.5 |
+7.8 |
|
April |
126.8 |
+2.3 |
|
May |
134.0 |
+ 7.2 |
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