Saudi Arabia’s holdings of US Treasuries reached $140.3 billion in June 2024, up $ 4 billion month-on-month, new data released by the US Treasury showed.
Saudi Arabia's holdings of US Treasuries in June are the highest in more than four years, i.e. since March 2020, when they reached $ 159.11 billion.
Accordingly, the Kingdom maintained its 17th 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 $109.2 billion, representing 78% of the total, and short-term bonds worth $31 billion, accounting for 22%.
The table below shows the development in Saudi holdings of US Treasuries since 2023:
Saudi Holdings of US Treasuries* |
||
Month |
Value ($ bln) |
Change ($ bln) |
Jan. 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 |
132.0 |
+3.9 |
Jan. 2024 |
133.5 |
+1.5 |
February |
131.1 |
(2.5) |
March |
135.9 |
+4.8 |
April |
135.4 |
(0.5) |
May |
136.3 |
+0.9 |
June |
140.3 |
+4.0 |
*Data was updated as per the latest reading
Japan was the top holder of US Treasury bonds in June with a value of $1.117 trillion, followed by China with a value of $780.2 billion, as the following table shows:
US Treasuries Holders – June 2024 |
||
Ranking |
Country |
Value ($ bln) |
1 |
Japan |
1117.7 |
2 |
China |
780.2 |
3 |
UK |
741.5 |
4 |
Luxembourg |
384.2 |
5 |
Canada |
374.8 |
6 |
Cayman Islands |
319.4 |
7 |
Belgium |
318.0 |
8 |
Ireland |
308.0 |
9 |
France |
307.2 |
10 |
Switzerland |
287.1 |
11 |
Taiwan |
265.9 |
12 |
India |
241.9 |
13 |
Brazil |
227.0 |
14 |
Hong Kong |
220.6 |
15 |
Singapore |
219.3 |
16 |
Norway |
153.4 |
17 |
Saudi Arabia |
140.3 |
Others |
1803.9 |
|
Total Foreign Holdings |
8210.4 |
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