Saudi investments in US bonds down 27.7% in September

Saudi Arabia's holdings of US bonds reached $131.2bln in September

Streets in illuminated cityscape, Riyadh, Saudi Arabia.

Streets in illuminated cityscape, Riyadh, Saudi Arabia.

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Riyadh –  Saudi Arabia’s investments in US bonds fell by 27.7% on a yearly basis in September 2020, whereas grew month-on-month (MoM).

The kingdom’s investments in US bonds reached $131.2 billion in September, compared with $181.5 billion in the year-ago period, as shown by official data.

On the contrary, the Saudi holdings of US bonds inched up by 0.92% or $1.2 billion in September.

At the global level, Saudi Arabia ranked 15th among holders of US bonds on a list topped by Japan and China with $1.276 trillion and $1.061 trillion, respectively.

The GCC country headed the Arab holders of US bonds, followed by Kuwait and the UAE with $46.6 billion and $33.1 billion, respectively.

Source: Mubasher

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