Saudi Arabia’s holdings of US Treasuries reached $142.8 billion in August, up by $89 million month-on-month (MoM), new data released by the US Treasury showed.
The Kingdom's holdings of US Treasuries in August were the highest in nearly four and half years, i.e. since March 2020.
Accordingly, Saudi Arabia maintained its 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 $112.5 billion, representing 79% of the total, with short-term bonds amounting to $30.3 billion (or 21%).
The table below shows the development in Saudi holdings of US Treasuries since 2023:
Saudi Holdings of US Treasuries* |
||
Month |
Value ($ 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 |
July |
142.7 |
+2.4 |
August |
142.8 |
+0.1 |
*Data updated as per the latest reading
Japan was the top holder of US Treasury bonds in August, with about $1.12 trillion, followed by China with $774.6 billion, as the following table shows:
US Treasury Bonds Holders – August 2024 |
||
Ranking |
Country |
Value ($ bln) |
1 |
Japan |
1129.2 |
2 |
China |
774.6 |
3 |
UK |
743.9 |
4 |
Cayman Islands |
419.5 |
5 |
Luxembourg |
402.0 |
6 |
Canada |
365.4 |
7 |
Belgium |
325.0 |
8 |
Ireland |
321.8 |
9 |
France |
312.2 |
10 |
Switzerland |
296.3 |
11 |
Taiwan |
284.4 |
12 |
India |
245.9 |
13 |
Singapore |
239.0 |
14 |
Hong Kong |
235.8 |
15 |
Brazil |
233.3 |
16 |
Norway |
164.4 |
17 |
Saudi Arabia |
142.8 |
Others |
1867.9 |
|
Total Foreign Holdings |
8503.4 |
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