AI Summary
Saudi Arabia’s holdings of US Treasuries reached $131.9 billion in December 2023, up $3.8 billion month-on-month, new data released by the US Treasury showed.
Accordingly, Saudi Arabia's holdings hit their peak level since February 2021, when they reached nearly $132.9 billion.
The Kingdom maintained 16th 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 $107.7 billion, representing 82% of the total, and short-term bonds worth $24.2 billion, accounting for 18%.
The table below shows the development in Saudi holdings of US Treasuries since 2022:
|
Saudi Holdings of US Treasuries* |
||
|
Month |
Value ($ 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 |
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 |
131.9 |
+3.8 |
Japan was the top holder of US Treasuries in December, with nearly $1.13 trillion. China came in second with $816.3 billion, as the following table shows:
|
US Treasury Bonds Holders – December 2023 |
||
|
Rank |
Country |
Value ($ bln) |
|
1 |
Japan |
1138.2 |
|
2 |
China |
816.3 |
|
3 |
UK |
753.7 |
|
4 |
Luxembourg |
370.7 |
|
5 |
Canada |
336.1 |
|
6 |
Ireland |
332.3 |
|
7 |
Belgium |
314.4 |
|
8 |
Cayman Islands |
305.2 |
|
9 |
Switzerland |
287.6 |
|
10 |
France |
260.0 |
|
11 |
Taiwan |
252.5 |
|
12 |
India |
233.7 |
|
13 |
Hong Kong |
233.7 |
|
14 |
Brazil |
230.3 |
|
15 |
Singapore |
199.2 |
|
16 |
Saudi Arabia |
131.9 |
|
Others |
|
1860.3 |
|
Total Foreign Holdings |
|
8056.1 |
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