Saudi holdings of US Treasuries rose to $142.7B in July

19/09/2024 Argaam Special
*Data was updated as per the latest reading


Saudi Arabia’s holdings of US Treasuries reached $142.7 billion in July, up $2.4 billion month-on-month (MoM), marking a four-year high.

 

The Kingdom maintained its 17th position 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 $111.2 billion, representing 78% of the total, and short-term bonds worth $31.5 billion, accounting for 22%.

 

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

 

Saudi Holdings of US Treasuries*

Month

Value

($ bln)

Change

($ bln)

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

132.0

+3.9

January 2024

133.5

+1.5

February

131.1

(2.5)

March

135.9

+8.4

April

135.4

(0.5)

May

136.3

+0.9

June

140.3

+4.0

July

142.7

+2.4

*Data was updated as per the latest reading

 

 

Japan was the top holder of US Treasuries in July, with nearly $1.11 trillion. China came in second with $776.5 billion, as the following table shows:

 

US Treasury Bonds Holders – July 2024

Rank

Country

Value

($ bln)

1

Japan

1,115.7

2

China

776.5

3

UK

728.3

4

Luxembourg

399.9

5

Cayman Islands

378.1

6

Canada

377.7

7

Belgium

315.9

8

Ireland

312.7

9

France

290.9

10

Switzerland

285.4

11

Taiwan

275.0

12

India

238.8

13

Singapore

234.2

14

Hong Kong

230.5

15

Brazil

229.1

16

Norway

158.8

17

Saudi Arabia

142.7

Others

 

1,84.83

Total Foreign Holdings

 

8,338.5

 

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