Saudi Arabia’s holdings of US Treasury bonds decreased by 3.8 percent that is, the value of $4.4 billion, reaching $127.5 billion, during January 2024, compared to December 2023.
Accordingly, the Kingdom retreated to 17th place among the largest holders of US treasury securities for the month.
The Kingdom’s holdings of US Treasuries were distributed among long-term bonds worth $103.1 billion, representing 81% of the total, and short-term bonds worth $24.4 billion, accounting for 19%.
According to US Treasury Department data, total foreign holdings of US Treasury bonds fell in January to $8.02 trillion, from their highest levels ever in December of $8.06 trillion, even though Japan raised its stash of Treasuries to $1.153 trillion in January from $1.138 trillion in December.
China’s holdings of treasury bonds decreased by 2 percent, to $797.7 billion, from $816.3 billion in December. On an annual basis, the country recorded a decline of 7 percent, as its stock reached $859.3 billion in January 2023, amid tension in Sino-American relations.
The UK listed its Treasury holdings at $753.5 billion, slightly lower than its record high of $753.7 billion in December.
