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Kuwait decreases holdings of US Treasuries in May

Kuwait decreases holdings of US Treasuries in May
Kuwait came in the third place among the Arab countries

Mubasher: Recent data showed that Kuwait’s holdings of the US Treasury bonds declined by 5.69% year-on-year in May 2019.

Kuwait’s holdings of the US debt instruments went down to $41.4 billion in May 2019 from $43.9 billion in the year-ago period.

On a monthly basis, Kuwait’s holdings of US Treasury bonds increased by 2.98% when compared to $40.2 billion in April 2019.

The US Treasury bonds for Kuwait varied as $34.48 billion long-term bonds, while the short-term bonds stood at $6.88 billion.

Among the Arab countries, Kuwait came in the third place for the holdings of the US Treasury bonds, while Saudi Arabia topped the states with holdings of $179 billion, followed by the UAE with $53.2 billion US Treasury bonds in May 2019.