Saudi Arabia’s Investments in US Treasuries Continue to Rise
In a trend that has been ongoing for eight months, Saudi Arabia saw its holdings in US treasuries increase to $135.9 billion in March, marking a 3.66 percent rise from the previous month.
Ranking Among the Largest Investors
Data released by Washington placed the Kingdom at 17th place among the largest investors in US treasuries in March. The report highlighted that Saudi Arabia’s holdings were mainly in long-term bonds, making up 79 percent of the total at $107.3 billion.
Breakdown of Holdings
The remaining 21 percent of Saudi Arabia’s holdings, totaling $28.6 billion, were in short-term bonds. In comparison, the Kingdom held $131.1 billion in US treasuries in February, $133.5 billion in January, and $132 billion in December.
Global Comparisons
Japan led the pack as the largest investor in US treasury bonds in March, with holdings reaching $1.18 trillion. China and the UK followed closely behind with portfolios valued at $767.4 billion and $728.1 billion, respectively.
Other Leading Investors
Luxembourg, Canada, Ireland, Belgium, the Cayman Islands, France, Switzerland, Taiwan, India, Brazil, and Singapore also made the list of top investors in US treasuries.
Foreign Reserve Assets
Despite a 2 percent decline in international reserve assets in April, Saudi Arabia saw a 3 percent increase in foreign reserve assets compared to the same period last year, as reported by the Saudi Central Bank (SAMA).