Saudi holdings of US Treasuries fall to $130.5B in February

18/04/2024 Argaam Special

Saudi holdings of US Treasuries fall to $130.5B in February


Saudi Arabia’s holdings of US Treasuries reached $130.5 billion in February 2024, down $3.2 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 treasury securities for the month.

 

Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $105.7 billion, representing 81% of the total, and short-term bonds worth $24.8 billion, accounting for 19%.

 

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

130.8

(1.2)

February

130.5

(0.3)

*Data was updated as per the latest reading

 

 

Japan was the top holder of US Treasuries in February, with nearly $1.16 trillion. China came in second with $797.7 billion, as the following table shows:

 

US Treasury Bonds Holders – February 2024

Rank

Country

Value ($ bln)

1

Japan

1167.9

2

China

775.0

3

UK

700.8

4

Luxembourg

379.0

5

Canada

353.8

6

Belgium

320.0

7

Ireland

316.9

8

Cayman Islands

302.6

9

France

284.0

10

Switzerland

256.6

11

Taiwan

255.6

12

India

234.7

13

Brazil

225.6

14

Hong Kong

212.5

15

Singapore

205.4

16

Norway

138.6

17

Saudi Arabia

130.5

Others

1705.9

Total Foreign Holdings

7965.4

 

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