Saudi holdings of US Treasuries fall to $127.5B in January

20/03/2024 Argaam Special

Saudi holdings of US Treasuries fall to $127.5B in January


Saudi Arabia’s holdings of US Treasuries reached $127.5 billion in January, down $4.4 billion month-on-month, new data released by the US Treasury showed. 

 

Accordingly, the Kingdom retreated to 17th 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 $103.1 billion, representing 81% of the total, and short-term bonds worth $24.4 billion, accounting for 19%.

 

The table below shows the development in Saudi holdings of US Treasuries since 2023:

 

Saudi Holdings of US Treasuries*

Month

Value

($ bln)

Change

($ bln)

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

January 2024

127.5

(4.4)

*Data was updated as per the latest reading

 

 

Japan was the top holder of US Treasuries in January, with nearly $1.15 trillion. China came in second with $797.7 billion, as the following table shows:

 

US Treasury Bonds Holders – January 2024

Rank

Country

Value

($ bln)

1

Japan

1153.1

2

China

797.7

3

UK

753.5

4

Luxembourg

376.5

5

Canada

339.8

6

Ireland

319.7

7

Cayman Islands

318.5

8

Belgium

293.1

9

Switzerland

283.1

10

France

267.5

11

Taiwan

255.9

12

India

236.1

13

Hong Kong

228.5

14

Brazil

226.8

15

Singapore

204.7

16

Norway

144.9

17

Saudi Arabia

127.5

Others

 

1696.8

Total Foreign Holdings

 

8023.7

 

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