AI Summary
Saudi Arabia’s holdings of US Treasuries reached $117.5 billion in October 2023, up $399 million month-on-month and the highest level since December 2022, new data released by the US Treasury showed.
The Kingdom kept the 17th place among the largest holders of US Treasuries for the month.
Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $102.3 billion, representing 87% of the total, and short-term bonds worth $15.2 billion, accounting for 13%.
The table below shows development in Saudi holdings of US Treasuries since 2022:
|
Saudi Holdings of US Treasuries* |
||
|
Month |
Value ($ 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 |
121.5 |
+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) |
|
June |
108.7 |
(2.6) |
|
July |
109.2 |
+0.5 |
|
August |
112.0 |
+2.8 |
|
September |
117.1 |
+5.1 |
|
October |
117.5 |
+0.4 |
Japan was the top holder of US Treasuries in October, with nearly $1.09 trillion. China came in second with $769.6 billion, as the following table shows:
|
US Treasury Bonds Holders – October 2023 |
||
|
Rank |
Country |
Value ($ bln) |
|
1 |
Japan |
1098.2 |
|
2 |
China |
769.6 |
|
3 |
UK |
693.0 |
|
4 |
Luxembourg |
345.4 |
|
5 |
Cayman Islands |
323.8 |
|
6 |
Ireland |
299.4 |
|
7 |
Belgium |
285.4 |
|
8 |
Canada |
281.5 |
|
9 |
Switzerland |
275.7 |
|
10 |
France |
235.1 |
|
11 |
Taiwan |
231.4 |
|
12 |
India |
222.0 |
|
13 |
Brazil |
219.4 |
|
14 |
Hong Kong |
199.1 |
|
15 |
Singapore |
190.5 |
|
16 |
Norway |
121.2 |
|
17 |
Saudi Arabia |
117.5 |
|
Others |
|
1656.8 |
|
Total Foreign Holdings |
|
7565.0 |
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