Saudi holdings of US bonds rise to $136.3B in May

21/07/2024 Argaam Special

Saudi holdings of US bonds rise to $136.3B in May


Saudi Arabia’s holdings of US Treasuries saw a slight month-on-month (MoM) rise of $900 million to reach $136.3 billion in May, 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 $107.28 billion, representing 79% of the total. Meanwhile, short-term bonds amounted to $29.05 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)

MoM 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

(2.5)

March

135.9

+4.8

April

135.4

(0.5)

May

136.3

+0.9

*Data updated as per the latest reading

 

 

Japan was the top holder of US Treasury bonds by value in May with $1.12 trillion, followed by China ($768.3 billion), as the following table shows:

 

US Treasury Holders in May

Rank

Country

Value ($ bln)

1

Japan

1128.3

2

China

768.3

3

UK

723.4

4

Luxembourg

385.4

5

Canada

354.5

6

Cayman Islands

336.5

7

Ireland

317.7

8

Belgium

313.0

9

Switzerland

290.4

10

France

283.0

11

Taiwan

263.3

12

India

237.8

13

Brazil

223.2

14

Hong Kong

217.4

15

Singapore

213.6

16

Norway

142.8

17

Saudi Arabia

136.3

Others

 

1794.2

Total Foreign Holdings

 

8129.1

 

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