US Treasury bonds were worth $116.7 billion in February, down from $117.6 billion the previous month and the previous year.
RIYADH: According to data from the US Treasury, Saudi Arabia’s holdings of US treasuries fell to $116.7 billion in February, down from $117.9 billion the month before that.
The figure shows a drop of about $2.7 billion when compared to January of this year.
With a lot of debt, Saudi Arabia came in 18th place during the month of February in terms of who owned it.
The Kingdom had a lot of long-term bonds worth a total of $101.3 billion in the US Treasury. This figure represents 87 percent of the total.
The short-term bonds that hold US treasuries total $15.5 billion, accounting for 13% of the total.
There was a time in February 2020 when Saudi Arabia had the most money in US treasuries, at $184.4 billion. They also had a record amount of $141.4 billion worth of long-term U.S. Treasury bonds at the time.
If you look at the Kingdom’s investments since then, the value of them has dropped by a total of $66.7 billion. That’s because long-term US treasuries have dropped in value by $40.1 billion.
There are other big oil producers who have money in US treasuries, and Norway has added $21.8 billion to its account in the first two months of 2020, making it $119.4 billion.
It was worth $46.3 billion at the end of February 2022, which is $1.5 billion more than in January. Kuwait’s holdings stayed about the same at $50.6 billion.
In February, Japan was the biggest owner of U.S. Treasury bonds, with a value of $1.3 trillion. China came in second with a value of $1.54 trillion.
People in countries like Saudi Arabia buy U.S. stocks because they can be sold quickly. Over the last few years, the Kingdom and other oil exporters have grown their stocks when crude prices rose.
Saudi Arabia has been selling off some of its treasury holdings in recent years in order to invest in projects that will help the country move away from oil.
In May 2016, the US Treasury started publishing information about how much money Saudi Arabia and other oil producers had in the US Treasury. This information was only available until then. It was March 2015, and Saudi Arabia had $116.8 billion in cash. That was a little more than it had in March 2015, but it was a lot more than it had in March 2015. Japan now owns more money than China did at one point.
