Saudi holdings of US Treasuries rise to $140.3B in June

18/08/2024 Argaam Special

Saudi holdings of US Treasuries rise to $140.3B in June


Saudi Arabia’s holdings of US Treasuries reached $140.3 billion in June 2024, up $ 4 billion month-on-month, new data released by the US Treasury showed.

 

Saudi Arabia's holdings of US Treasuries in June are the highest in more than four years, i.e. since March 2020, when they reached $ 159.11 billion.

 

Accordingly, the Kingdom maintained its 17th place among the largest holders of US treasury securities for the month.

 

Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $109.2 billion, representing 78% of the total, and short-term bonds worth $31 billion, accounting for 22%.

 

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

(2.5)

March

135.9

+4.8

April

135.4

(0.5)

May

136.3

+0.9

June

140.3

+4.0

*Data was updated as per the latest reading

 

Japan was the top holder of US Treasury bonds in June with a value of $1.117 trillion, followed by China with a value of $780.2 billion, as the following table shows:

 

US Treasuries Holders – June 2024

Ranking

Country

Value ($ bln)

1

Japan

1117.7

2

China

780.2

3

UK

741.5

4

Luxembourg

384.2

5

Canada

374.8

6

Cayman Islands

319.4

7

Belgium

318.0

8

Ireland

308.0

9

France

307.2

10

Switzerland

287.1

11

Taiwan

265.9

12

India

241.9

13

Brazil

227.0

14

Hong Kong

220.6

15

Singapore

219.3

16

Norway

153.4

17

Saudi Arabia

140.3

Others

1803.9

Total Foreign Holdings

8210.4

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