Saudi holdings of US Treasuries fall to $135.4B in April

20/06/2024 Argaam Special
*Data was updated as per the latest reading


Saudi Arabia’s holdings of US Treasuries reached $135.4 billion in April, down $452 million month-on-month, new data released by the US Treasury showed.

 

Accordingly, the Kingdom maintained its 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 $106.4 billion, representing 79% of the total. Meanwhile, short-term bonds amounted to $29.1 billion, accounting for 21%.

 

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

 

Saudi Holdings of US Treasuries*

Month

Value ($ bln)

Change ($ bln)

Jan. 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

132.0

+3.9

Jan. 2024

133.5

+1.5

February

131.1

(2.4)

March

135.9

+4.8

April

135.4

(0.5)

*Data was updated as per the latest reading

 

 

Japan was the top holder of US Treasury bonds by value in April with $1.15 trillion, followed by China ($770.7 billion), as the following table shows:

 

US Treasury Holders in April

Rank

Country

Value ($ bln)

1

Japan

1150.3

2

China

770.7

3

UK

710.2

4

Luxembourg

384.4

5

Canada

338.2

6

Cayman Islands

319.4

7

Belgium

312.4

8

Ireland

307.6

9

France

276.5

10

Switzerland

272.0

11

Taiwan

257.3

12

India

233.5

13

Brazil

223.6

14

Hong Kong

220.9

15

Singapore

207.5

16

Norway

138.3

17

Saudi Arabia

135.4

Others

1759.8

Total Foreign Holdings

8018.0

 

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