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.