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Saudi Arabia's holdings of US Treasury bonds decline 26% in January

Saudi Arabia's holdings of US Treasury bonds decline 26% in January
Saudi Arabia's investments in the US T-bonds went down 0.95% MoM

Riyadh - Mubasher: Saudi Arabia has decreased its holdings of US Treasury bonds (T-bonds) by around 26.13% to $135.1 billion in January 2021, compared to $182.9 billion in the year-ago period.

On a monthly basis, Saudi Arabia's investments in the US debt instruments went down 0.95% or $1.3 billion in January, compared to $136.4 billion in December 2020, according to the latest data by the US Department of the Treasury.

At the Arab level, Saudi Arabia was placed in the first position among the holders of US T-bonds, followed by Kuwait with $45.3 billion and the UAE with $33.8 billion.

Globally, Saudi Arabia ranked 14th among the holders of US Treasury bonds, which topped by Japan with $1.276 trillion.