Saudi holdings of US Treasuries surge to $117.1 bln in September

19/11/2023 Argaam Special

Saudi holdings of US Treasuries surge to $117.1 bln in September


Saudi Arabia’s holdings of US Treasuries reached $117.1 billion in September 2023, up $5.1 billion month-on-month, the highest level in nine months, new data released by the US Treasury showed.

 

The Kingdom advanced to the 17th 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 $102.1 billion, representing 87% of the total, and short-term bonds worth $15 billion, accounting for 13%.

 

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

108.7

(2.6)

July

109.2

+0.5

August

112.0

+2.8

September

117.1

+5.1

*Data was updated as per the latest reading
 
 

Japan was the top holder of US Treasuries in September, with nearly $1.08 trillion. China came in second with $778.1 billion, as the following table shows:

 

US Treasury Bonds Holders – September 2023

Rank

Country

Value

($ bln)

1

Japan

1087.7

2

China

778.1

3

UK

668.9

4

Luxembourg

373.6

5

Belgium

317.0

6

Cayman Islands

314.8

7

Ireland

295.0

8

Canada

280.5

9

Switzerland

280.1

10

Taiwan

236.3

11

India

229.1

12

France

228.2

13

Brazil

223.0

14

Hong Kong

197.0

15

Singapore

187.3

16

Norway

121.6

17

Saudi Arabia

117.1

Others

 

1670.1

Total Foreign Holdings

 

7,605.4

 

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