Saudi Arabia raises US Treasury holdings to $151bn in March

Saudi Arabia raises US Treasury holdings to $151bn in March
Saudi Arabia topped the GCC peers in terms of investments in US Treasury bonds

Riyadh – Mubasher: Saudi Arabia increased its holdings of the US Treasury bonds by 21.4% year-on-year or $26.7 billion in March 2018.

The kingdom’s holdings of US government bonds amounted to $151.2 billion in the third month of 2018, compared to SAR 102.8 billion in the same period a year earlier, according to US Department of the Treasury’s (USDT) recent data.

Meanwhile, Saudi holdings of the US debt instruments inched down 0.2% month-on-month last March.

Saudi Arabia topped the GCC peers in terms of investments in US Treasury bonds and ranked the 12th globally.

China is the largest foreign holder of US government debt with $1.18 trillion, followed by Japan and The Republic of Ireland with an amount of $1.04 trillion and $317.9 billion, respectively.

It is worth noting that KSA’s holdings in US Treasury represent 65% of the kingdom’s total foreign assets.

Source: Mubasher

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