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Kuwait’s holdings of treasury bonds down 3% in January

Kuwait’s holdings of treasury bonds down 3% in January
Kuwait's holdings rose by 2.69% in January 2020 annually

Mubasher: Kuwait’s holdings of US Treasury bonds stood at $41.9 billion in January 2020, down by 3.23% on a monthly basis compared to KWD 43.3 billion in December 2019.

T-bond holdings rose by 2.69% year-on-year last January, compared to its level in January 2019 at $40.8 billion, according to recent data by the US Department of the Treasury on Tuesday.

The US Treasury bonds for Kuwait were distributed as $36.12 billion long-term bonds, while the short-term bonds registered $5.83 billion.

Among Arab states, Saudi Arabia ranked the first for the holdings of the US Treasuries at $182.9 billion, followed by Kuwait, and the UAE with $39.8 billion.

At the global level, Japan came in the first place at $1.21 trillion, followed by China and the UK at $1 trillion and $372.7 billion, respectively.

Total US Treasury bonds amounted to $6.8 trillion in January 2020, up by 8.4% from $6.32 trillion in the same month of 2019, increasing by 2.4% on a monthly basis.

It is worth noting that the treasury department data shows investments by GCC countries in American debt instruments and does not include other government or private investments in the US.