Saudi holdings of US Treasuries drop by $6.1B in May

Saudi Arabia’s holdings of US Treasuries decreased by $6.1 billion month-on-month to $127.7 billion in May, recent data released by the US Treasury showed.

Accordingly, the Kingdom maintained its 17th 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 $102 billion, representing 80% of the total. Meanwhile, short-term bonds amounted to $25.8 billion, accounting for 20%.

Japan was the top holder of US Treasuries by value in May, with $1.13 trillion, followed by the UK ($809.4 billion).