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Saudi Arabia’s Buying of U.S. Treasuries Is Soaring Under Trump

As Trump continues to defend the embattled crown prince, the kingdom has everything to gain from playing nice.

President Donald Trump meets with Saudi Arabia's Crown Prince Mohammed bin Salman at the White House on March 20, 2018 in Washington.

President Donald Trump meets with Saudi Arabia's Crown Prince Mohammed bin Salman at the White House on March 20, 2018 in Washington.

Photograph: Mandel Ngan/AFP

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By now, President Donald Trump’s bromance with Mohammed bin Salman of Saudi Arabia is well documented. The platitudes and chummy photo-ops. The billions of dollars in U.S. arms sales. And, of course, the willingness to brush aside evidence implicating the crown prince in the murder of journalist Jamal Khashoggi.

But what’s gone largely unnoticed is just how enthusiastic the kingdom has been in snapping up America’s debt.