UAE - Mubasher: The UAE has decreased its investments in the US Treasury bonds to $26.11 billion in June 2020, compared to $27.942 billion in May 2020, according to the latest data by the US Department of the Treasury.
The UAE's holdings of the US Treasury bonds increased by around $1.662 billion in May after witnessing a $14.45 billion decrease for four months on a row.
On an annual basis, the country's purchases of the US Treasury bonds plunged by 49.3% or $1 billion in June 2020, compared to about $51.5 billion in the same month of 2019.
At the level of the GCC states, the UAE has maintained its third position among the holders of the US debt instruments.
The purchases of Saudi Arabia, the largest GCC country to invest in the US bills and bonds, rose by 1.13% to $124.9 billion in June from $123.5 billion in May.
Meanwhile, Kuwait's investments in the US Treasury bonds reached $44.9 billion in June, up 2.9% from $43.6 billion in May.
Globally, the UAE has not occupied a position among the top ten holders of the US Treasury bonds.
Japan topped the holders with $1.2613 trillion, followed by China with $1.074 trillion.
