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Kuwait ranks 2nd among Arab holders of US T-bonds in September

Kuwait ranks 2nd among Arab holders of US T-bonds in September
Kuwaiti holdings of US T-bonds reached $44.1bn in September

By: Eman Ghaly

Mubasher: Kuwait’s holdings of US Treasury bonds stabilised during September. However, the country ranked second among Arab owners of US T-bonds.

Kuwaiti holdings of US Treasuries inched up to $44.1 billion in September 2019, compared to KWD 43.8 billion in the previous month, according to data released by the US Department of Treasury.

The GCC country’s ownership of US T-bonds included $36.87 billion long-term bonds and $7.19 billion short-term bonds.

Kuwait ranked second among Arab holders of US T-bonds after Saudi Arabia which held $181.5 billion US Treasuries. The UAE declined its holdings of US T-bonds to $37.3 billion.

Globally, Japan topped holders of US Treasuries with $1.15 trillion holdings in September, followed by China which owned $1.1 trillion US T-bonds in the same month.

Translated by: Muhammad Khaled