Saudi Arabia Strengthens U.S. Bond Holdings

According to the latest report from the U.S. Treasury Department, Saudi Arabia increased its holdings of U.S. bonds at the end of August, bringing the total to $142.8 billion. This marks a $100 million increase from July 2024, and a substantial year-on-year growth of $30.8 billion compared to the same period last year.

The kingdom has consistently raised its bond holdings for the fourth consecutive month, with notable increases of $4 billion in June, $900 million in May, and $2.4 billion in July. Altogether, the total increase from May to August 2024 stands at approximately $7.4 billion.

Saudi Arabia continues to hold its 17th position among the world’s largest investors in U.S. bonds, while no other Arab country features in the top 20 list of nations investing in U.S. bonds and Treasury securities.

Additionally, the report highlights the diversified nature of Saudi Arabia’s U.S. bond portfolio, with long-term bonds amounting to $112.2 billion, or 79% of the total holdings, while short-term bonds and Treasury bills are valued at $30.3 billion, representing 21% of the portfolio.

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