By: Ahmed Awad
Kuwait-Mubasher: Kuwait’s purchases of US treasury bonds stabilised at $30.9 billion in May compared to April 2016, according to data released by the US Treasury Department.
Kuwait’s short- and long-term bonds are valued at a total of $2.92 billion and $27.99 billion respectively.
Treasury securities represent 5.3% of Kuwait’s foreign assets which are estimated by Moody’s Investor Service to be worth $580 billion.
On another note, the report showed that Saudi Arabia’s US bonds declined from $113 billion in April to $103.7 billion in May after selling $9.3 billion worth of securities.
China is considered the largest owner of US bonds with a value of $1.24 trillion, followed by Japan with $1.14 trillion.
Translated by: Julian Nabil
