Saudi holdings of US Treasuries down to $116.5 bln in October, lowest in 5 years

16/12/2021 Argaam Special


Saudi Arabia’s holdings of US Treasuries reached $116.5 billion in October, down $7.8 billion month-on-month, new data released by the US Treasury showed.

 

The figure is considered the lowest in five years or since January 2017 when it reached SAR 112.3 billion.

 

The Kingdom maintained its ranking at the 17th place among the largest holders of US debt in October.

 

Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $99.4 billion, representing 85% of the total, and short-term bonds worth $17.1 billion, accounting for 15%.

 

The following table indicates Saudi Arabia’s holdings of US treasuries  since 2020:

 

Saudi Holdings of US Treasury Bonds 

Month 

Value ($ bln) 

Variation ($ bln) 

January 2020 

182.9

+3.1 

February 

184.4

+1.6 

March 

159.1

(25.3) 

April 

125.3

(33.8) 

May 

123.5

(1.8) 

June 

124.9

+1.4 

July 

124.6

(0.3) 

August 

130.0

+5.4 

September 

131.2

+1.2 

October 

134.2

+3.0 

November 

137.6

+3.4 

December 

136.4

(1.2) 

January 2021 

135.1

(1.3) 

February 

132.9

(2.2) 

March 

130.8

(2.1) 

April 

130.3

(0.5) 

May 

127.3

(3.0) 

June 

127.8

+0.5 

July

128.1

+0.3

August

124.1

(4.0)

September

124.3

+0.2

October

116.5

(7.8) 

 

 

Japan was the top holder of US Treasury bonds in October with a value of $1.32 trillion, followed by China with a value of $1.065 trillion, as the following table shows:

 

US Treasury Bonds Holders – October

 

Country

Value ($ bln)

1

Japan

1,320.4

2

China

1,065.4

3

United Kingdom

579.8

4

Ireland

324.3

5

Luxembourg

314.3

6

Switzerland

291.8

7

Cayman Islands

257.7

8

Brazil

247.7

9

Taiwan

242.4

10

France

239.6

11

Hong Kong

233.4

12

Belgium

225.8

13

India

210.7

14

Canada

200.3

15

Singapore

188.5

16

Korea

125.4

17

Saudi Arabia

116.5

Others

 

1,464.7

Total held by Foreigners

 

7,648.7

 

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