By: Eman Ghaly
Mubasher: Kuwait’s holdings of US Treasury bonds stabilised during September. However, the country ranked second among Arab owners of US T-bonds.
Kuwaiti holdings of US Treasuries inched up to $44.1 billion in September 2019, compared to KWD 43.8 billion in the previous month, according to data released by the US Department of Treasury.
The GCC country’s ownership of US T-bonds included $36.87 billion long-term bonds and $7.19 billion short-term bonds.
Kuwait ranked second among Arab holders of US T-bonds after Saudi Arabia which held $181.5 billion US Treasuries. The UAE declined its holdings of US T-bonds to $37.3 billion.
Globally, Japan topped holders of US Treasuries with $1.15 trillion holdings in September, followed by China which owned $1.1 trillion US T-bonds in the same month.
Translated by: Muhammad Khaled
