In a significant development in international finance, foreign holdings of US Treasuries have reached a new milestone, surpassing the $8 trillion mark for the first time in history, with the total amount held outside the US now standing at $8.056 trillion as of December. This surge is partly attributed to Saudi Arabia, which has notably increased its US Treasury holdings by nearly $4 billion by the end of last year, elevating its stockpile to the highest level in nearly three years. The increase in Saudi Treasury holdings underscores the kingdom's growing investment in US government debt, reflecting broader trends in global finance and investment strategies.
#SaudiArabia has added nearly $4 billion to its US #Treasury holdings by the end of 2023, taking its stockpile to the highest level since early 2021. https://t.co/F7XCD3T9cD
Saudi Arabia boosts US Treasury holdings to nearly three-year high https://t.co/XsvMsGfX5A https://t.co/DOTFoIyUgT
Saudi Treasury Holdings Hit Highest Level in Nearly Three Years https://t.co/u8z8TulYVu
Saudi Arabia added nearly $4 billion to its US Treasury holdings by the end of last year, taking its stockpile to the highest level in nearly three years https://t.co/unFPWeEaLA via @AbeerAO1 https://t.co/HzT1aZliZv
Saudi Arabia added nearly $4 billion to its US Treasury holdings by the end of last year, taking its stockpile to the highest level in nearly three years https://t.co/63P0QdxLee
Foreign holdings of Treasuries jumps again in December. The total for Treasuries held outside the US is now $8.056 trillion; a new high and the first time over $8 trillion https://t.co/ggV5oM5LK6