Saudi holdings of US Treasuries fall to $111.3 bln in May

20/07/2023 Argaam Special
*Data was updated as per the latest reading


Saudi Arabia’s holdings of US Treasuries reached $111.3 billion in May, declining $2 billion month-on-month (MoM), new data from the US Department of the Treasury showed. 

 

The Kingdom maintained the 18th place among the largest holders of US Treasuries in May. 

 

Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $99.4 billion, representing 89% of the total. Meanwhile, the value of short-term bonds for the same month amounted to $11.9 billion, accounting for 11%.

 

The table below shows development in Saudi holdings of US Treasuries since 2022:

 

Saudi Holdings of US Treasuries* 

Month

Value ($ bln)

Change ($ bln)

January 2022

119.4

+ 0.4

February

116.7

(2.7)

March

115.5

(1.2)

April

115.7

+ 0.2

May

114.7

(1.0)

June

119.2

+ 4.5

July

121.6

+ 2.4

August

122.1

+ 0.5

September

121.0

(1.1)

October

120.7

(0.3)

November

121.4

+ 0.7

December

119.7

(1.7)

January 2023

111.0

(8.7)

February

111.7

+ 0.7

March

116.2

+ 4.5

April

113.3

(2.9)

May

111.3

(2.0)

*Data was updated as per the latest reading
 
 

Japan was the top holder of US Treasuries in May, with a value of nearly $1.09 trillion. China came second, with $846.7 billion, as the following table shows:

 

US Treasuries Holders – May 2023 

Rank

Country

Value ($ bln)

1

Japan

1096.8

2

China

846.7

3

UK

666.6

4

Belgium

335.5

5

Luxembourg

334.0

6

Switzerland

304.4

7

Canada

265.9

8

Cayman Islands

263.3

9

Ireland

245.1

10

Taiwan

239.8

11

India

238.3

12

Brazil

230.0

13

Hong Kong

216.0

14

France

211.6

15

Singapore

202.3

16

Norway

122.0

17

Korea

115.4

18

Saudi Arabia

111.3

Others

 

1482.4

Total Foreign Holdings

 

7527.4

 

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