According to Arab Net, the world's third largest producer in OPEC acquires US Treasury bonds, about 50% to $ 50.6 billion at the end of February, an increase of nearly $ 17 billion in the history of monthly purchases of US bonds, making it the second largest buyer Securities in that month after the United Kingdom, according to the latest figures from the US Treasury.
The move led to higher UAE holdings to levels to last once in 2019 before the spread of the global epidemic and the collapse of oil prices, which led to pressure on its financial resources.
For its part, China has purchased $ 9 billion from Treasury bonds in February to reach $ 1.1 trillion, which has been high since mid-2019, according to data collected by Bloomberg, and Arabic.
This comes, while net transactions in Saudi Arabia and Kuwait, net for treasury bonds in February.
The total international reserve of the UAE Central Bank has about 389 billion dirhams ($ 105.9 billion) in February from AED 381.9 billion a month ago.
The IMF estimates that UAE Central Bank reserves will reach $ 119 billion this year, as well as more than $ 1 trillion from the assets run by wealth funds in the country.
Purchases in mid-heads came for treasury bonds since 1980, where the US Treasury Index scored 1.8% in February alone. While the 10-year standard treasury bonds returned about 34 basis points per month to 1.40% and now stand at about 1.6%.
