Riyadh – Saudi Arabia has raised its holdings of the US Treasury bonds in January 2020 for the third month in a row, according to data by the US Department of the Treasury.

Saudi Arabia’s holdings of US debt instruments registered $182.9 billion in January, up by around 12% year-on-year (YoY) from $163.3 billion during the same month of 2019, recording a five-month high since reaching $183.8 billion in August 2019.

On a monthly basis, Saudi investments in US Treasury bonds increased by 1.7% or $3.1 billion in January 2020, versus $179.8 billion in December 2019.

Globally, Saudi Arabia ranked 12th among the major holders of US bonds, which are topped by Japan with $1.21 trillion worth of investments.

Among Arab countries, the kingdom is the biggest holder of US Treasury bonds, followed by Kuwait and the UAE with investments of $41.9 billion and around $39.8 billion, respectively.

 

Source: Mubasher

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