Riyadh, Saudi Arabia — Saudi Arabia’s holdings of US Treasuries reached $117.5 billion in October 2023, up $399 million month-on-month and the highest level since December 2022, new data released by the US Treasury showed.
The Kingdom kept the 17th place among the largest holders of US Treasuries for the month, Argaam reported.
Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $102.3 billion, representing 87 percent of the total, and short-term bonds worth $15.2 billion, accounting for 13 percent.
Japan was the top holder of US Treasuries in October, with nearly $1.09 trillion. China came in second with $769.6 billion and the UK third with $693 billion.
The total foreign holdings amounted to $7.565 trillion, Argaam reported.