In December, foreign holdings of US Treasuries surged to an all-time high, marking the first instance where the total exceeded $8 trillion, reaching $8.056 trillion. This significant increase includes a notable contribution from Saudi Arabia, which added nearly $4 billion to its US Treasury holdings by the end of last year, bringing its total to $132 billion, the highest level in nearly three years. Saudi holdings rose by $12 billion in 2023. The rise in Saudi holdings is part of a broader trend of increased foreign investment in US Treasuries, reflecting a growing confidence in US government securities. Additionally, the yields on US Treasuries have seen a rise, with a particular note on the upcoming new-issue auctions scheduled for next week, which includes $16 billion in 20-year Treasuries and $9 billion in 30-year TIPS. The US markets are set to be closed on Monday for Presidents Day.
5 things that happened this week: Saudi holdings of US Treasuries rose $12bn in 2023 to $132bn Holding US Treasuries means lending the American govt The figure reached a peak of $184 in 2020 1/5 https://t.co/K8v7nbe1Vn https://t.co/X18qO0dW0Q
Saudi Arabia boosts US Treasury holdings to nearly three-year high https://t.co/XsvMsGfX5A https://t.co/DOTFoIyUgT
#TreasuriesToday: Yields higher by 2bp-4bp, inside weekly ranges that included YTD highs for all tenors. 10Y 4.27% vs 4.33% on Weds, highest since Dec. 1. New-issue auctions ahead next week: $16b 20Y Weds, $9b 30Y TIPS Thurs. US markets closed Mon for Presidents Day.
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 US Treasuries surge to all-time high in December -data https://t.co/Sddi26CQTU https://t.co/RzoZ2TBQrL
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