Riyadh – Mubasher: Saudi Arabia has increased its investments in US bonds in October 2020 for the third successive month to reach a seven-month high.
The Gulf country’s investments in US bonds totalled $134.2 billion in October, up by 2.3% or $3 billion when compared to the previous month, according to data from the US Department of the Treasury.
On a yearly basis, the kingdom’s holdings of US bonds shrank by 24.99% or $44.7 billion in October.
In the first ten months of the year, the holdings plunged by 25.36% or $45.6 billion on an annual basis.
Globally, Saudi Arabia took the 15th spot on a list topped by Japan and China with $1.269 trillion and $1.05 trillion, respectively.
Moreover, the kingdom came on top of the Arab holders of US bonds, followed by Kuwait with $47.1 billion to take the 26th position globally.
