RIYADH: Saudi Arabia reduced its holdings of US Treasury bonds to $132.9 billion by the end of February, down by $2.2 billion on a monthly basis, Okaz newspaper reported.


Saudi Arabia has reduced its holdings by 27.93 percent during the last 12 months to $132.9 billion by the end of February of this year.

The Kingdom maintained its 14th position among the largest holders of US bonds in February 2021.

Saudi Arabia’s investments in US Treasury bonds included $105.98 billion in “long-term bonds,” representing 80 percent of the total, and $26.92 billion in “short-term bonds,” accounting for 20 percent of the total.

Copyright: Arab News © 2021 All rights reserved. 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.