Saudi holdings of US Treasuries surge to $128.1B in November 2023

21/01/2024 Argaam Special
*Data was updated as per the latest reading


Saudi Arabia’s holdings of US Treasuries reached $128.1 billion in November 2023, up $10.6 billion month-on-month, the highest level since July 2021, new data released by the US Treasury showed.

 

The Kingdom advanced to 16th 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 $105.2 billion, representing 82% of the total, and short-term bonds worth $22.9 billion, accounting for 18%.

 

The table below shows the 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

November

128.1

+10.6

*Data was updated as per the latest reading

 

Japan was the top holder of US Treasuries in November, with nearly $1.12 trillion. China came in second with $782 billion, as the following table shows:

 

US Treasury Bonds Holders – November 2023

Rank

Country

Value

($ bln)

1

Japan

1127.5

2

China

782.0

3

UK

716.2

4

Luxembourg

371.2

5

Canada

321.1

6

Cayman Islands

319.1

7

Ireland

314.9

8

Belgium

296.5

9

Switzerland

276.2

10

France

259.8

11

Taiwan

238.0

12

India

224.9

13

Brazil

224.9

14

Hong Kong

211.1

15

Singapore

196.2

16

Saudi Arabia

128.1

Others

 

1800.7

Total Foreign Holdings

 

7808.4

 

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