Saudi holdings of US Treasuries up to $112 bln in August

19/10/2023 Argaam Special

Saudi holdings of US Treasuries up to $112 bln in August


Saudi Arabia’s holdings of US Treasuries reached $112 billion in August 2023, up $2.8 billion month-on-month, new data released by the US Treasury showed.

 

The Kingdom maintained its 18th 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 $100.5 billion, representing 90% of the total, and short-term bonds worth $11.5 billion, accounting for 10%.

 

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

 

Saudi Holdings of US Treasuries*

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

121.5

+ 0.7

December

119.7

(1.7)

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

108.6

(2.7)

July

109.2

+ 0.6

August

112.0

+ 2.8

*Data was updated as per the latest reading

 

 

Japan was the top holder of US Treasuries in August, with nearly $1.11 trillion. China came in second with $805.4 billion, as the following table shows:

 

US Treasury Bonds Holders – August 2023

Rank

Country

Value

($ bln)

1

Japan

1116.2

2

China

805.4

3

UK

698.1

4

Luxembourg

365.8

5

Belgium

316.7

6

Cayman Islands

309.3

7

Canada

295.1

8

Ireland

294.4

9

Switzerland

283.5

10

Taiwan

241.0

11

India

232.5

12

France

228.2

13

Brazil

223.2

14

Hong Kong

202.6

15

Singapore

184.2

16

Norway

126.3

17

South Korea

117.8

18

Saudi Arabia

112.0

Others

 

1554.7

Total Foreign Holdings

 

7707.0

 

 

     

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