Saudi holdings of US Treasuries down to $108.1 bln in June

16/08/2023 Argaam Special

Saudi holdings of US Treasuries down to $108.1 bln in June


Saudi Arabia’s holdings of US Treasuries reached $108.1 billion in June 2023, down $3.2 billion month-on-month, new data released by the US Treasury showed.

 

Thus, the Kingdom's holdings of US Treasures reached their lowest levels since December 2016, when they amounted to SAR 102.8 billion.

 

The Kingdom maintained its 18th place among the largest holders of US Treasuries in June.

 

Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $99.83 billion, representing 92.3% of the total, and short-term bonds worth $8.29 billion, accounting for 7.7%.

 

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

 

Saudi Holdings of US Treasuries*

Month

Value ($ bln)

Change ($ bln)

Jan. 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)

Jan. 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

108.1

(3.2)

 *Data was updated as per the latest reading

 

 

Japan was the top holder of US Treasuries in June, with a value of nearly $1.105 trillion, or 14.6% of total treasuries. China came in second with $835.4 billion, as the following table shows:

 

US Treasuries Holders – June 2023

Rank

State

Value ($ bln)

1

Japan

1105.6

2

China

835.4

3

UK

672.3

4

Belgium

332.4

5

Luxembourg

331.8

6

Switzerland

305.7

7

Ireland

271.0

8

Canada

271.0

9

Cayman Islands

264.1

10

Taiwan

241.3

11

India

235.4

12

Brazil

227.4

13

France

218.2

14

Hong Kong

198.4

15

Singapore

187.1

16

Norway

126.4

17

South Korea

115.1

18

Saudi Arabia

108.1

Others

1516.3

Total Foreign Holdings

7562.9

 

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