Saudi investments in US treasury bonds up by $5.4bln monthly in August

The Saudi investments in US treasury bonds fell by 29.3% yearly in August

  
Image used for illustrative purpose. American dollar and Saudi Riyal on the wooden.

Image used for illustrative purpose. American dollar and Saudi Riyal on the wooden.

Gettyimages

Riyadh – Mubasher: Saudi Arabia has increased its investments in US treasury bonds by 4.3% monthly in August 2020, equivalent to $5.4 billion.

Saudi investments in US treasury bonds recorded $130 billion in August, the highest in five months, compared with SAR 124.6 billion in July, official data showed.

Yearly, the kingdom’s investments in US treasury bonds fell by 29.3% or $53.8 billion.

Globally, Saudi Arabia ranked 16th among holders of US treasury bonds, whilst Japan was in the lead with $1.278 trillion, followed by China with $1.068 trillion.

The Gulf state was the top Arab country investing in US treasury bonds, followed by Kuwait with $46.4 billion and the UAE with $36.6 billion.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 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.