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UAE sees 13% MoM higher investments in US bonds in July

UAE sees 13% MoM higher investments in US bonds in July
The UAE has raised its holdings of the US Treasury bonds by over 13% MoM

UAE  – Mubasher: The UAE has raised its holdings of the US Treasury bonds by over 13% month-on-month (MoM) to $29.529 billion in July 2020, compared to around $26.11 billion in June 2020, according to the latest data by the US Department of the Treasury.

In the first four months of 2020 and in June, the UAE has lowered its investments in the US bonds by $14.45 billion. while the country has increased its purchases of the US Treasury bonds by about $1.662 billion in May.

Globally, Japan has raised its investments in the US debt instruments by 2.53% to $1.293 trillion in July, compared to $1.2613 trillion in June.