Saudi Arabia’s US Treasury holdings hit $170bn in March

Saudi Arabia’s US Treasury holdings hit $170bn in March
Saudi holdings of US government bonds levelled up 1.8% month-on-month in March

Riyadh – Mubasher: Saudi Arabia raised its holdings of the US Treasuries by 12.4% year-on-year in March.

The kingdom’s holdings of US debt instruments amounted to $170 billion by the end of March, compared to $151.2 billion in March 2018,  according to the US Treasury Department’s data.

On a monthly basis, Saudi holdings of US government bonds levelled up 1.8%, from $167 billion in February.

China is the largest foreign holder of US government debt with $1.120 trillion, while Saudi Arabia came first among the GCC peers and the oil-rich nation ranked 11th internationally.