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Kuwait’s holdings of Treasury bonds rise 6.4% on an annual basis to reach $46.44 billion.
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Kuwaiti investors’ US bond holdings fluctuated by billions recently, reflecting changes in bond yields and shifts in US stock investments.
Official data from the US Treasury Department revealed that Kuwait’s holdings of US Treasury bonds rose to $46.45 billion by the end of June 2024, up from $46.2 billion at the end of May. This represents a growth of 0.54%, or an increase of $250 million, according to Al Anba newspaper.
The data indicated that, since the beginning of the year and during the first six months, Kuwait’s holdings of US bonds increased by 0.21%, or $100 million, reaching $46.35 billion by the end of June.
The US Treasury Department also reported that Kuwait’s holdings of Treasury bonds rose by 6.4% on an annual basis, amounting to an increase of $2.8 billion from $43.65 billion at the end of June 2023. Kuwait’s holdings included $45.12 billion in long-term bonds and $1.32 billion in short-term bonds.
Successful moves by Kuwaiti investors in US bonds are evident, with their holdings fluctuating by billions over the past months. These moves coincide with changes in bond yields and variations in Kuwaiti investments in US stock exchanges.
The data revealed that Saudi investments increased in June to reach $140.3 billion, up from $136.33 billion in May. This represents a $4 billion increase and a growth rate of 2.93%. Of this amount, $109.23 billion are in long-term bonds, and $31.02 billion are in short-term bonds.
The US Treasury Department reported a decline in the UAE’s holdings of US bonds, which fell to $70.01 billion in June from $70.81 billion in May, marking a decrease of 1% or $715 million.
Japan maintained its leading position in June with US bonds worth $1.11 trillion, down from $1.12 trillion in May, reflecting a decrease of $10.6 billion or 0.94%.
China ranked second, holding $780.2 billion in June, up from $768.3 billion in May, representing an increase of $11.9 billion or 1.55%. The UK came in third, with US bonds valued at $741.5 billion in June, compared to $723.4 billion in May, reflecting an increase of $18.1 billion or 2.5%.
