Saudi holdings of US Treasuries surge to $131.9B in December 2023

18/02/2024 Argaam Special
*Data was updated as per the latest reading


Saudi Arabia’s holdings of US Treasuries reached $131.9 billion in December 2023, up $3.8 billion month-on-month, new data released by the US Treasury showed.

 

Accordingly, Saudi Arabia's holdings hit their peak level since February 2021, when they reached nearly $132.9 billion. 

 
Foreign holdings of US Treasuries rose in December 2023, hitting a new record high for the second consecutive month.

 

The Kingdom maintained 16th place among the largest holders of US treasury securities for the month.

 

Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $107.7 billion, representing 82% of the total, and short-term bonds worth $24.2 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

110.7

(0.6)

July

109.2

+1.5

August

112.0

+2.8

September

117.1

+5.1

October

117.5

+0.4

November

128.1

+10.6

December

131.9

+3.8

*Data was updated as per the latest reading
 

 

Japan was the top holder of US Treasuries in December, with nearly $1.13 trillion. China came in second with $816.3 billion, as the following table shows:

 

US Treasury Bonds Holders – December 2023

Rank

Country

Value

($ bln)

1

Japan

1138.2

2

China

816.3

3

UK

753.7

4

Luxembourg

370.7

5

Canada

336.1

6

Ireland

332.3

7

Belgium

314.4

8

Cayman Islands

305.2

9

Switzerland

287.6

10

France

260.0

11

Taiwan

252.5

12

India

233.7

13

Hong Kong

233.7

14

Brazil

230.3

15

Singapore

199.2

16

Saudi Arabia

131.9

Others

 

1860.3

Total Foreign Holdings

 

8056.1

 

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