Saudi holdings of US Treasuries rose by $4.5 bln in March

16/05/2023 Argaam Special

Saudi holdings of US Treasuries rose by $4.5 bln in March


Saudi Arabia’s holdings of US Treasuries reached $116.2 billion in March 2023, increasing $4.5 million month-on-month (MoM), new data released by the US Treasury showed.

 

The Kingdom maintained the 17th place among the largest holders of US debt in March.

 

Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $103.2 billion, representing 89% of the total. This is besides short-term bonds worth $13 billion, accounting for 11%.

 

The table below shows development in Saudi Holdings of US Treasuries since 2022:

 

Saudi Holdings of US Treasury Bonds*

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

121.4

0.7

December

119.7

(1.7)

January 2023

111.0

(8.7)

February

111.7

0.7

March

116.2

4.5

*Updated data

 

 

Japan was the top holder of US Treasury bonds in March with a value of $1.08 trillion. China came second, with a value of $869.3 billion, as the following table shows:

 

US Treasury Bonds Holders – March 2023

Rank

Country

Value ($ bln)

1

Japan

1087.7

2

China

869.3

3

UK

714.0

4

Belgium

336.5

5

Luxembourg

328.6

6

Switzerland

305.4

7

Cayman Islands

288.5

8

Ireland

253.0

9

Canada

245.3

10

Taiwan

239.5

11

India

237.9

12

Hong Kong

229.2

13

Brazil

224.4

14

Singapore

194.9

15

France

184.4

16

Norway

119.1

17

Saudi Arabia

116.2

Others

 

1599.1

Total Foreign Holdings

 

7573.0

 

 

 

 

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