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Kuwait’s holdings of US Treasury bonds reached $46.2 billion by the end of May, up from $44.91 billion at the end of April, marking a monthly growth of 2.87%.
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Kuwait’s holdings of US bonds consisted of $44.92 billion in long-term bonds and $1.28 billion in short-term bonds.
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The total volume of US Treasury bonds rose by the end of last May, reaching $8.13 trillion compared to $8.04 trillion last April, a monthly rise of $89.6 billion or 1.11 Percent.
Official data from the US Treasury Department showed that Kuwait’s holdings of US Treasury bonds increased by $1.29 billion in May. This brought the total to $46.2 billion by the end of the month, up from $44.91 billion at the end of April, marking a monthly growth of 2.87%, according to Al Anba newspaper.
The data showed that since the beginning of the year and during the first five months, Kuwait’s holdings of US bonds decreased by $1.51 billion, compared to $46.35 billion at the end of December 2023, representing a decline of 0.32%.
The US Treasury Department indicated that Kuwait’s bond holdings jumped on an annual basis to reach $46.2 billion, compared to $41.44 billion at the end of May 2023, an increase of 11.5% or $4.76 billion. Kuwait’s holdings of US bonds consisted of $44.92 billion in long-term bonds and $1.28 billion in short-term bonds.
Successful moves by Kuwaiti investments in US bonds have led to significant increases and decreases in their holdings over the past months. These moves coincide with changes in the returns on those bonds and fluctuations in Kuwaiti investments in US stock exchanges.
The data revealed an increase in Saudi Arabia’s holdings of US bonds at the end of last May, reaching $136.33 billion compared to $135.43 billion at the end of April, an increase of $900 million and a growth rate of 0.66%. Of this total, $107.2 billion are long-term bonds and $29.05 billion are short-term bonds.
The US Treasury Department showed that the UAE’s holdings of US bonds rose to $70.81 billion by the end of May, compared to $69.86 billion by the end of April, reflecting a growth of 1.35% or $949 million.
Japan, as usual, maintained its first place in May by holding US bonds worth $1.13 trillion, down from April’s level of $1.15 trillion, a decrease of $22 billion or 1.9%.
The data indicated that China came in second place after Japan with $768.3 billion by the end of May, compared to $770.7 billion by the end of April, a decline of $2.4 billion or 0.31%.
Britain came in third place, holding US bonds worth $723.4 billion compared to $710.3 billion by the end of April, an increase of $13.1 billion or 1.84%.
The data also indicated that the total volume of US Treasury bonds rose by the end of last May, reaching $8.13 trillion compared to $8.04 trillion last April, a monthly increase of $89.6 billion or 1.11 Percent.
