Saudi holdings of US Treasuries surge to $117.1 bln in September

Saudi Arabia’s holdings of US Treasuries reached $117.1 billion in September 2023, up $5.1 billion month-on-month, the highest level in nine months, new data released by the US Treasury showed.

The Kingdom advanced to the 17th place among the largest holders of US Treasuries for the month.

Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $102.1 billion, representing 87% of the total, and short-term bonds worth $15 billion, accounting for 13%.

The table below shows development in Saudi holdings of US Treasuries since 2022:

Saudi Holdings of US Treasuries*
Month	Value ($ bln)	Change ($ bln)
January 2022	119.4	+0.4
February	116.7	(2.7)
March	115.5	(1.2)
April	115.7	+0.2
May	114.7	(1.0)
June	119.2	+4.5
July	121.6	+2.4
August	122.1	+0.5
September	121.0	(1.1)
October	120.7	(0.3)
November	121.5	+0.7
December	119.7	(1.7)
January 2023	111.0	(8.7)
February	111.7	+0.7
March	116.2	+4.5
April	113.3	(2.9)
May	111.3	(2.0)
June	108.7	(2.6)
July	109.2	+0.5
August	112.0	+2.8
September	117.1	+5.1

*Data was updated as per the latest reading

Japan was the top holder of US Treasuries in September, with nearly $1.08 trillion. China came in second with $778.1 billion, as the following table shows:

US Treasury Bonds Holders – September 2023
Rank	Country	Value ($ bln)
1	Japan	1087.7
2	China	778.1
3	UK	668.9
4	Luxembourg	373.6
5	Belgium	317.0
6	Cayman Islands	314.8
7	Ireland	295.0
8	Canada	280.5
9	Switzerland	280.1
10	Taiwan	236.3
11	India	229.1
12	France	228.2
13	Brazil	223.0
14	Hong Kong	197.0
15	Singapore	187.3
16	Norway	121.6
17	Saudi Arabia	117.1
Others		1670.1
Total Foreign Holdings		7,605.4

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