Saudi Arabia’s holdings in U.S. Treasuries increased in March 2024, for the eighth consecutive month, reaching $135.9 billion. This represents a 3.66 percent rise compared to the previous month.
According to data released by the U.S. government, Saudi Arabia was ranked 17th among the largest investors in U.S. Treasuries in March.
The report noted that Saudi Arabia’s Treasury holdings were composed of $107.3 billion in long-term bonds, accounting for 79 percent of the total, and $28.6 billion in short-term bonds, representing 21 percent.
In the previous months, Saudi Arabia’s U.S. Treasury holdings stood at $131.1 billion in February, $133.5 billion in January, and $132 billion in December.
Read more: Saudi Arabia closes March issuance of sukuk program at $1.17 billion
Japan remained the largest investor in U.S. Treasuries in March, with holdings totaling $1.18 trillion, a 1.16 percent increase from February. China and the U.K. followed, with $767.4 billion and $728.1 billion, respectively.
Luxembourg, Canada, Ireland, Belgium, the Cayman Islands, France, Switzerland, Taiwan, India, Brazil, and Singapore also ranked among the top holders of U.S. Treasuries in March.
In a separate report, the Saudi Central Bank (SAMA) revealed that the Kingdom’s international reserve assets declined by 2 percent in April to SAR1.66 trillion ($440 billion) compared to the previous month. However, the reserves were 3 percent higher compared to the same period in the previous year.
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