RIYADH: Saudi holdings of US Treasuries increased to $119.2 billion in the month of June from $114.7 billion in May, according to data released by the US Treasury.Â
Out of the $4.5 billion increase in the total value of US Treasuries in June, long-term papers accounted for $2.7 billion, while the short-term bonds accounted for $1.8 billion.
Overall, º£½ÇÖ±²¥â€™s long-term bond investments in the US Treasuries accounted for 86 percent or $102.02 billion, while short-term paper accounted for $17.1 billion or 14 percent.Â
The $4.5 billion growth in value of US Treasury holdings held by Saudi residents marks the biggest monthly increase since August 2020.Â
The total value of US Treasury holdings held by º£½ÇÖ±²¥ in June is also the second highest for this year. In January 2022, Saudi holdings of the treasuries stood at $119.4 billion.Â
In the new list, the Kingdom maintained its 16th spot among the largest holders of US debt in June.Â
Japan was the top holder of US Treasury bonds in June with a value of $1.24 trillion, followed by China and the UK with $967.8 billion and $615.4 billion respectively. Â
Luxembourg grabbed the fourth spot with $306.8 billion, while the Cayman Islands garnered fifth place with $300.4 billion.Â
Looking at some other oil exporting countries, the residents of Norway increased their holding in US treasuries by $4 billion to $112.4 billion.
The UAE’s US Treasury holdings surged by $1.6 billion to reach $39.9 billion.Â
Kuwaiti residents’ holding value, however, slipped from $46.3 billion to $46 billion in June.Â
