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UAE’s holdings of US treasury bonds down 2.3% MoM in January

UAE’s holdings of US treasury bonds down 2.3% MoM in January
The UAE’s holdings declined by $900m in January

Mubasher: The UAE has decreased its holdings of the US Treasury bonds by over 2.3% month-on-month (MoM) in January 2020, according to recent data by the US Department of the Treasury.

The UAE’s holdings declined by $900 million in January to $39.8 billion, compared to $40.7 billion in December 2019.

On an annual basis, the UAE’s holdings of US debt instruments went down by 0.3% or around $1 billion in January, compared to its level in January 2019 at approximately $55.9 billion.

Globally, the UAE ranked 30th among holders of the US Treasury bonds, which are led by Japan with $1.211 trillion investments.

As for the Arab world, the UAE maintained its third position, following Saudi Arabia in first place with around $182.9 billion investments and Kuwait with $41.9 billion.