Saudi holdings of US Treasuries rise to $117.5B in October

21/12/2023 Argaam Special

Saudi holdings of US Treasuries rise to $117.5 bln in October


Saudi Arabia’s holdings of US Treasuries reached $117.5 billion in October 2023, up $399 million month-on-month and the highest level since December 2022, new data released by the US Treasury showed.

 

The Kingdom kept 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 $102.3 billion, representing 87% of the total, and short-term bonds worth $15.2 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

October

117.5

+0.4

*Data was updated as per the latest reading

 

Japan was the top holder of US Treasuries in October, with nearly $1.09 trillion. China came in second with $769.6 billion, as the following table shows:

 

US Treasury Bonds Holders – October 2023

Rank

Country

Value

($ bln)

1

Japan

1098.2

2

China

769.6

3

UK

693.0

4

Luxembourg

345.4

5

Cayman Islands

323.8

6

Ireland

299.4

7

Belgium

285.4

8

Canada

281.5

9

Switzerland

275.7

10

France

235.1

11

Taiwan

231.4

12

India

222.0

13

Brazil

219.4

14

Hong Kong

199.1

15

Singapore

190.5

16

Norway

121.2

17

Saudi Arabia

117.5

Others

 

1656.8

Total Foreign Holdings

 

7565.0

 

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