Saudi Arabia’s holdings of US Treasuries rose for the seventh straight month by $2.3 billion to $126.8 billion by the end of April, new data released by the US Treasury showed.

 

The kingdom ranked as the 11th largest holder of US debt in April, while Japan and China topped the list with $1.11 trillion and $1.05 trillion, respectively.

 

Elsewhere in the GCC, the United Arab Emirates (UAE) cut its holdings by $2.4 billion to $60.6 billion, while Kuwait reduced holdings of US Treasuries by nearly $1.1 billion to $31.3 billion.

 

Saudi holdings of US treasury bonds

Month

Value (USD bln)

Variation

January 2016

123.6

+ 4.7

February

119.8

(3.8)

March

116.8

(3.0)

April

113.0

(3.8)

May

103.7

(9.3)

June

98.3

(5.4)

July

96.5

(1.8)

August

93.0

(3.5)

September

89.4

(3.6)

October

96.7

+ 7.3

November

100.1

+ 3.4

December

102.8

+ 2.7

January 2017

112.3

+ 9.5

February*

116.7

+ 4.4

March*

124.5

+ 7.8

April

126.8

+ 2.3

* Data Update.                                                                                                                 

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