S Arabia's holdings in US treasuries reach $131.9b
Tuesday, 20 February 2024
RIYADH, Feb 19 (Arab News): Saudi Arabia's holdings in US treasuries increased for the fifth consecutive month, rising by 2.96 per cent to $131.9 billion in December from November.
Data released by the US Treasury Department placed Saudi Arabia at the 16th spot among the largest investors in such financial instruments in December.
The report disclosed that in November, the Kingdom held bonds valued at $128.1 billion, compared to $117.5 billion and $117.1 billion in October and September, respectively.
The data indicated that Saudi Arabia's portfolio of US treasuries included long-term bonds worth $107.7 billion, constituting 82 per cent of the total value.
Similarly, the Kingdom's short-term bonds amounted to $24.2 billion in December, making up 18 per cent of the total value.