Saudi Arabia raises US Treasury holdings to $142.5bn
Arabian Post Staff -Dubai Saudi Arabia increased its holdings of US Treasury securities by about $2.2 billion in June, lifting the portfolio to $142.5 billion and extending the Kingdom’s position among the largest overseas investors in US government debt. The June increase followed holdings of about $140.3 billion in May and left Saudi Arabia ranked 17th among foreign holders of Treasuries. The…
Saudi Arabia's Treasury holdings of US government debt reached $142.5 billion in June, an increase of approximately $2.2 billion from May's $140.3 billion. This places the Kingdom among the top 17 foreign holders of Treasuries globally. The majority of Saudi Arabia's portfolio is invested in longer-dated securities, with $108.6 billion in long-term bonds and notes, accounting for about 76% of the total.
Short-term Treasury holdings amounted to roughly $34 billion, making up the remaining 24%. Despite a decline in overall foreign ownership of US Treasuries, Saudi Arabia's investment remained stable during this period. China, the third-largest holder, reduced its Treasury portfolio by about 4% to $633.4 billion, its lowest level since September 2008.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
