Saudi Arabia’s holdings of US Treasuries reached $130.5 billion in February 2024, down $3.2 million month-on-month, new data released by the US Treasury showed.
Accordingly, the Kingdom maintained its 17th place among the largest holders of US treasury securities for the month.
Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $105.7 billion, representing 81% of the total, and short-term bonds worth $24.8 billion, accounting for 19%.
The table below shows the development in Saudi holdings of US Treasuries since 2023:
Saudi Holdings of US Treasuries*
Month
Value ($ bln)
Change ($ bln)
Jan. 2023
111.0
(8.7)
February
111.7
+0.7
March
116.2
+4.5
April
113.3
(2.9)
May
111.3
(2.0)
June
110.7
(0.6)
July
109.2
+1.5
August
112.0
+2.8
September
117.1
+5.1
October
117.5
+0.4
November
128.1
+10.6
December
132.0
+3.9
Jan. 2024
130.8
(1.2)
February
130.5
(0.3)
*Data was updated as per the latest reading
Japan was the top holder of US Treasuries in February, with nearly $1.16 trillion. China came in second with $797.7 billion, as the following table shows:
US Treasury Bonds Holders – February 2024
Rank
Country
Value ($ bln)
1
Japan
1167.9
2
China
775.0
3
UK
700.8
4
Luxembourg
379.0
5
Canada
353.8
6
Belgium
320.0
7
Ireland
316.9
8
Cayman Islands
302.6
9
France
284.0
10
Switzerland
256.6
11
Taiwan
255.6
12
India
234.7
13
Brazil
225.6
14
Hong Kong
212.5
15
Singapore
205.4
16
Norway
138.6
17
Saudi Arabia
130.5
Others
1705.9
Total Foreign Holdings
7965.4
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