The Kingdom of Saudi Arabia continued to increase its holdings of US Treasury bonds at the end of last September for the third month in a row, recording their highest levels in 9 months, but they declined on an annual basis.
The Kingdom increased its holdings of US Treasury bonds by $5.1 billion during the month of September 2023 compared to the previous month, to reach $117.1 billion, which is the highest level recorded this year. According to monthly US Treasury data.
The Kingdom's ownership of US bonds increased by 4.55% compared to their value at the end of last August, which amounted to $112 billion at the end.
On an annual basis, the Kingdom’s holding of US bonds decreased by 3.2% at the end of September 2023 compared to the same month last year, a decline equivalent to $3.9 billion, as it was $121 billion at the end of September 2022.
Saudi Arabia ranked 17th globally on the list of largest investors in US Treasury bonds at the end of September 2023.
Japan topped the list of largest investors in US Treasury bonds at the end of September 2023. With a total of $1,087.7 billion ($1.087 trillion), followed by China with investments amounting to $778.1 billion, then the United Kingdom with $668.9 billion.
The total value of US bond issuances increased by 4.88% at the end of September 2023 on an annual basis, equivalent to $353.9 billion, but it decreased on a monthly basis by about 1.3%, equivalent to $101.6 billion, compared to the previous month.
The value of US Treasury bond issuances amounted to $7,605.4 billion ($7.605 trillion) at the end of last September, compared to $7,251.5 billion ($7.251 trillion) at the end of the same month in 2022, noting that it was $7,707 billion ($7.707 trillion). At the end of August 2023.
