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Saudi Arabia raises US Treasury holdings to $162.1bn in May

Saudi Arabia raises US Treasury holdings to $162.1bn in May
The kingdom’s holdings of US government bonds amounted to $162.1 billion in May

Riyadh – Mubasher: Saudi Arabia increased its holdings of US Treasury bonds by 20.97% year-on-year, or SAR 28.1 billion, in May.

The kingdom’s holdings of US government bonds amounted to $162.1 billion in May, compared to $134 billion in the same month a year earlier, the US Department of the Treasury’s data released on Tuesday showed.

On a monthly basis, Saudi holdings of the US debt instruments increased by SAR 2.2 billion, or 1.4%, compared to $159.9 billion in April.

Globally, China ranked the top holder of the US Treasury bonds with $1.183 trillion, while Japan came second with $1.048 trillion.

At the level of Arab nations, Saudi Arabia ranked the top investor in the US debt instruments, followed by the UAE and Kuwait with $60 billion, and $43.9 billion, respectively.

Saudi, the UAE, and Kuwait came in the 11th, 21th, and 25th spots, respectively in the list of international US Treasury bonds’ holders.