Saudi Arabia’s US Treasury Holdings Hit Highest Since 2020
- Over a third of Saudi foreign assets now held in US T-bills
- Holding more US government debt may help Saudi-US relations
Donald Trump with Mohammed bin Salman at the G20, in Osaka, 2019.
Photographer: Kim Kyung-Hoon/Reuters/Bloomberg
This article is for subscribers only.
Saudi Arabia’s holdings of US Treasuries as a portion of foreign assets held by its central bank rose in October to the most in four years.
US Treasuries as a portion of total foreign assets held by SAMA, as the Saudi Central Bank is known, rose to almost 35% last month, according to data compiled by Bloomberg. That puts them at the highest level since February 2020 at the onset of the coronavirus pandemic.