Saudi holdings of US Treasuries rise in May

20/07/2017 Argaam Special

Saudi Arabia’s holdings of US Treasuries rose for the eight consecutive month by around $7.2 billion to $134 billion by the end of May, new data released by the US Treasury showed.

 

The Kingdom ranked as the 11th largest holder of US debt in May, while Japan and China topped the list with $1.11 trillion and $1.05 trillion, respectively.

 

Meanwhile, the United Arab Emirates (UAE) cut its holdings by $100 million to $60.5 billion, while Kuwait raised holdings of US Treasuries by nearly $300 million to $31.6 billion.

 

Saudi Holdings of US Treasuries

Month

Value (USD bln)

Change

January 2016

123.6

+4.7

February

119.8

(3.8)

March

116.8

(3.0)

April

113.0

(3.8)

May

103.7

(9.3)

June

98.2

(5.5)

July

96.5

(1.7)

August

93.0

(3.5)

September

89.4

(3.6)

October

96.7

+7.3

November

100.1

+3.4

December

102.8

+2.7

January 2017

112.3

+ 9.5

February

116.7

+ 4.4

March

124.5

+7.8

April

126.8

+2.3

May

134.0

+ 7.2

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