KSA holdings of US treasuries slip to $116.7b

RIYADH, Apr 17 (Arab News): Saudi holdings of US treasuries slipped to $116.7 in February, according to data released by the US treasury.

The figure reflects a decrease of around $2.7 billion when compared to January this year.

Among the largest holders of US debt during the month of February, Saudi Arabia has secured 18th place.

The Kingdom’s holdings of US treasuries were distributed among long-term bonds with an accumulated worth of $101.3 billion. This figure accounts for 87 percent of the total holdings.

As for the US treasuries distributed among short-term bonds, these amount to $15.5 billion, representing 13 percent of the total holdings.

Saudi Arabia's total holdings in US treasuries peaked at an all-time maximum level of $184.4 billion back in February 2020.