UAE – Mubasher: The UAE has slightly raised its holdings of US Treasury bonds by 0.2% month-on-month, or $100 million, in April to $55.7 billion from $55.6 billion, data by the US Department of the Treasury showed.

Year-on-year, the GCC state’s investment in the US debt instruments fell by 6.7%, or $4 billion, last April, versus holdings of $59.7 billion in April 2018, the US department added in a recent report.

The UAE came in the 21st place among holders of the US sovereign debts, while China topped the list with $1.113 trillion followed by Japan with holdings of $1.064 trillion.

At the level of Arab states, Saudi Arabia led the list as the top holder of US government bonds in the Arab world with holdings of $176.6 billion, the report highlighted.

The US Department of the Treasury previously reported that the UAE had raised its holdings of the US Treasury bonds in March to $55.6 billion from $54.5 billion in February.

 

Translated by: Mai Ezz El-Din

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.