Saudi Hoard of U.S. Treasuries Shrinks Most Since Oil-Price Rout
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Saudi Arabia was the biggest seller of U.S. Treasuries outside Asia in August, bringing its stockpile to the lowest level since offloading a third of its holdings after the crash in oil prices last year.
The kingdom sold $4 billion in U.S. government debt, the most in over a year, draining its cache to $124.1 billion, according to Treasury Department data. Only China, Hong Kong and Taiwan sold more in August, the last month for which figures are available.