Saudi holdings of US Treasuries showed jump in January

18/03/2017 Argaam

Saudi Arabia’s holdings of US Treasuries grew for the fourth month in a row to $112.3 billion, adding $9.5 billion, at the end of January, new data released by the US Treasury showed.

 

The kingdom ranked as the 12th largest holder of US debt in January. Japan and China topped the list with $1.10 trillion and $1.05 trillion, respectively.

 

The kingdom’s holdings of US paper peaked at $123.6 billion in January 2016.

 

Meanwhile, the United Arab Emirates (UAE) increased its holding by $600 million to $61.2 billion.

 

Saudi Holdings of US Treasuries

Month

Value (USD bln)

Change

July 2015

110.1

+0.6

August

112.8

+2.7

September

112.3

(0.5)

October

113.0

+0.7

November

114.7

+1.7

December

118.9

+4.2

January 2016

123.6

+4.7

February

119.8

(3.8)

March

116.8

(3.0)

April

113.0

(3.8)

May

103.7

(9.3)

June

98.3

(5.4)

July

96.5

(1.8)

August

93.0

(3.5)

September

89.4

(3.6)

October

96.7

+7.3

November

100.1

+3.4

December

102.8

+2.7

January 2017

112.3

+ 9.5

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