Saudi holdings of US Treasuries rise to $142.8B in August

20/10/2024 Argaam Special
*Data updated as per the latest reading


Saudi Arabia’s holdings of US Treasuries reached $142.8 billion in August, up by $89 million month-on-month (MoM), new data released by the US Treasury showed.

 

The Kingdom's holdings of US Treasuries in August were the highest in nearly four and half years, i.e. since March 2020.

 

Accordingly, Saudi Arabia 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 $112.5 billion, representing 79% of the total, with short-term bonds amounting to $30.3 billion (or 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

(2.5)

March

135.9

+4.8

April

135.4

(0.5)

May

136.3

+0.9

June

140.3

+4.0

July

142.7

+2.4

August

142.8

+0.1

*Data updated as per the latest reading

 

 

Japan was the top holder of US Treasury bonds in August, with about $1.12 trillion, followed by China with $774.6 billion, as the following table shows:

 

US Treasury Bonds Holders – August 2024

Ranking

Country

Value ($ bln)

1

Japan

1129.2

2

China

774.6

3

UK

743.9

4

Cayman Islands

419.5

5

Luxembourg

402.0

6

Canada

365.4

7

Belgium

325.0

8

Ireland

321.8

9

France

312.2

10

Switzerland

296.3

11

Taiwan

284.4

12

India

245.9

13

Singapore

239.0

14

Hong Kong

235.8

15

Brazil

233.3

16

Norway

164.4

17

Saudi Arabia

142.8

Others

1867.9

Total Foreign Holdings

8503.4

 

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