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Asharq Al-Awsat

Business

Riyadh - Asharq Al-Awsat

Saudi Holdings of US Treasury Bonds Rise to Highest Level since Beginning of 2022

US Treasury Bonds United States Kingdom Saudi Arabia

The main Saudi stock index decreased by 257.36 points on Sunday, to close at 11,572.18 points, with trades amounting to 5 billion riyals. (Asharq Al-Awsat)

Saudi Arabia increased its holdings of US Treasury bonds in July for the second month in a row, achieving the highest level since September 2021.

Monthly US Treasury data indicated that the Kingdom’s holdings of bonds increased by about $121.6 billion at the end of July, the highest level recorded in the last 10 months, when it reached $123.8 billion in September 2021.

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