Wednesday , August 4 2021

Kuwait's holdings of US Treasuries rose 12% in September



From: Faith Ghali

KUWAIT: US Bond Ownership in Kuwait rose 12.3 percent year-on-year in September.

According to the Ministry of Finance's monthly report released last Friday, the ownership of Kuwait bonds last September was $ 43.8 billion, compared with $ 38 billion per month in 2017.

On a monthly basis, Kuwait's holdings of US bonds increased in September by 0.5%, compared with $ 43.6 billion in August.

Kuwait's ownership value in September was between $ 39.41 billion in long-term bonds and $ 4.35 billion in US short-term bonds.

Globally, China was ranked $ 1151.4 billion in treasury bonds, followed by Japan with $ 1028 billion and Brazil with $ 317 billion.

At the Arab level, Saudi Arabia became the first with $ 176.1 billion in US Treasury bonds, followed by the UAE with $ 60 billion and Kuwait.

Overall, US Treasuries fell 1.5% to $ 4,010.1 billion in September from $ 4070.4 billion in the same month in 2017.

It is noteworthy that what the US Treasury disclosed in its monthly report is the investments of Gulf States in US bills and bonds only, and does not include those investments in the United States, whether government or private.

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