AI Summary
Saudi Arabia’s holdings of US Treasuries declined to $115.5 billion in March, down $1.2 billion month-on-month, new data released by the US Treasury showed.
Accordingly, Saudi Arabia’s holdings recorded its lowest level in more than five years since January 2017, when it amounted to $112.3 billion at the time.
The Kingdom maintained its 18th position among the largest holders of US debt in March.
Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $100.1 billion, representing 87% of the total, and short-term bonds worth $15.3 billion, accounting for 13%.
|
Saudi Holdings of US Treasury Bonds |
||
|
Month |
Value ($ bln) |
Change ($ bln) |
|
January 2021 |
135.1 |
(1.3) |
|
February |
132.9 |
(2.2) |
|
March |
130.8 |
(2.1) |
|
April |
130.3 |
(0.5) |
|
May |
127.3 |
(3) |
|
June |
127.6 |
+0.3 |
|
July |
128.1 |
+0.5 |
|
August |
124.1 |
(4.0) |
|
September |
123.8 |
(0.3) |
|
October |
116.5 |
(7.8) |
|
November |
116.5 |
-- |
|
December |
119.0 |
+2.5 |
|
January 2022 |
119.4 |
+0.4 |
|
February |
116.7 |
(2.7) |
|
March |
115.5 |
(1.2) |
Japan was the top holder of US Treasury bonds in March with a value of $1.232 trillion, followed by China at $1.039 trillion, as the following table shows:
|
US Treasury Bonds Holders – March |
||
|
Order |
Country |
Value ($ bln) |
|
1 |
Japan |
1232.4 |
|
2 |
China |
1039.6 |
|
3 |
United Kingdom |
634.9 |
|
4 |
Ireland |
315.9 |
|
5 |
Luxembourg |
300.8 |
|
6 |
Cayman Islands |
292.9 |
|
7 |
Switzerland |
274.1 |
|
8 |
Belgium |
264.6 |
|
9 |
France |
247.0 |
|
10 |
Taiwan |
238.4 |
|
11 |
Brazil |
237.2 |
|
12 |
Canada |
221.8 |
|
13 |
Hong Kong |
208.2 |
|
14 |
India |
199.8 |
|
15 |
Singapore |
191.8 |
|
16 |
Korea |
119.3 |
|
17 |
Norway |
116.0 |
|
18 |
Saudi Arabia |
115.5 |
|
Others |
|
1363.4 |
|
Total Foreign Holdings |
7613.6 |
|
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