Mubasher: The Kingdom of Bahrain has increased its holdings of US Treasuries by 11% month-on-month in February, recording $884 million.

Bahraini holdings of US Treasuries rose $164 million during the first two months of 2019, according to a report released by the US Department of the Treasury.

The kingdom’s holdings accounted for 0.3% of total US bonds owned by the GCC countries in February. 

The GCC states’ holdings of US Treasury securities amounted to around $274.77 billion in February, rising 1.8% month-on-month from $269.94 billion, the US Department of the Treasury said in a recent report.

On a global basis, China has topped holders of US Treasury securities with $1.130 trillion in investments at the end of February, versus $1.126 trillion a month earlier.