Saudi Arabia and UAE Reduce US Treasury Bond Holdings in March
- Saudi Arabia and the United Arab Emirates reduced their holdings of U.S.
- Data reported by Sahifat Mal indicates that Saudi Arabia decreased its holdings of U.S.
- Reporting from Asharq with Bloomberg confirmed that both Saudi Arabia and the UAE lowered their positions in U.S.
Saudi Arabia and the United Arab Emirates reduced their holdings of U.S. Treasury securities during March.
Data reported by Sahifat Mal indicates that Saudi Arabia decreased its holdings of U.S. Treasury bonds and bills by $10.8 billion in March. Following this reduction, the kingdom’s total holdings were recorded at $149.6 billion.
Reporting from Asharq with Bloomberg confirmed that both Saudi Arabia and the UAE lowered their positions in U.S. Treasuries throughout the month.
Global Treasury Trends
The reductions in Saudi and Emirati holdings align with a broader trend of foreign governments divesting from U.S. Debt. Al-Arabiya reported that foreign governments are abandoning U.S. Treasuries, noting specifically that holdings by China have fallen to their lowest level in 18 years.
However, this trend is not uniform across all regional investors. Mubasher Information reported that Kuwait increased its holdings of U.S. Treasury securities, with its position rising to $66.51 billion.