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Kuwait’s holdings of US Treasury bonds down 2.05% YoY in November

Kuwait’s holdings of US Treasury bonds down 2.05% YoY in November
Kuwait was the second among the Arab holders of the US Treasury bonds

Mubasher: Kuwait’s holdings of the US Treasury bonds declined by 2.05% year-on-year (YoY) to $43 billion in November 2019 from $43.9 billion in the same month in 2018.

Month-on-month, Kuwait’s holdings decreased by 1.83% in November, compared to $43.8 billion in October, according to data by the US Department of the Treasury.

Since the beginning of 2019, Kuwait has raised its holdings of the US debt instrument by $1.7 billion, compared to its level in December 2018.

The data referred that Kuwait’s investments were distributed as $36.446 billion worth of long-term Treasury bonds and $6.590 billion as short-term bonds.

At the level of Arab states, Kuwait was ranked the second among the holders of the US Treasury bonds after Saudi Arabia whose holdings amounted to $179.7 billion, while being followed by the UAE with $39.9 billion.

Globally, Japan came on top of the list with $1.16 trillion, followed by China with $1.09 trillion and the UK with $328.6 billion.

In November, the US Treasury bonds rose by 8.89% to $6.74 trillion from $6.19 trillion in the same month the prior year.