Tawasul
Mubasher TV
Contact Us Advertising   العربية

Saudi tops Arab holders of US Treasuries in June

Saudi tops Arab holders of US Treasuries in June
Saudi ownership of US Treasuries reached $179.6bn in June

Riyadh- Mubasher: Saudi Arabia investments in the US treasury bonds rose by 9.3% year-on-year during June 2019, increasing its stake of the US treasuries for the fifth month in a row.

Saudi Arabia’s holdings of the US treasury bonds grew to $179.6 billion in June, compared to $164.3 billion in the year-ago period, according to the US Department of Treasury.

On a monthly basis, Saudi Arabia’s holding of US treasury securities went up by 0.33% in June, compared to $179 billion in May 2019.

Since the beginning of 2019, Saudi Arabia has increased its holding of the US treasury securities by 4.3%, or $7.4 billion increase, compared to $172.2 billion at the end of the fiscal year 2018.

Among Arab countries, Saudi Arabia came on top of Arab holders of the US treasury securities, followed by the UAE at a value of $51.5 billion, and Kuwait at a value of $44.4 billion.  

Globally, Japan came on the top, in terms of ownership of US Treasuries, with investments worth $1.122 trillion, followed by China with $1.112 trillion.