Dubai – Mubasher: The UAE has lowered its holdings of the US Treasury bonds by 3.83% month-on-month, or $2.3 billion, in October.
The GCC nation’s holdings of US debt instruments recorded $57.7 billion in October, compared to $ 60 billion in September, according to data released by the United States Treasury Department.
Meanwhile, Saudi Arabia is the top Arab investor in US Treasury bonds with a total of $171.3 billion, followed by the UAE and Kuwait with $57.7 billion and $44.1 billion, respectively, according to the statement.
China ranked the top holder of the US’s debt instruments with $1.139 trillion, followed by Japan with $1.018 trillion, and Brazil with $313.9 billion.
