In a notable financial trend, Saudi Arabia has augmented its stake in U.S. treasuries, marking a continuous rise for the fifth month. The increase witnessed in December was a significant 2.96%, propelling the investment to $131.9 billion from the preceding month’s $128.1 billion.
Recently published figures from the US Treasury Department reveal that the kingdom secured the 16th position in the league of the heftiest investors in such securities during December. Earlier investments recorded for November, October, and September were $128.1 billion, $117.5 billion, and $117.1 billion respectively.
An analysis of the investment portfolio indicates that Saudi Arabia predominantly favored long-term bonds, which accounted for 82% of their total holdings, amounting to $107.7 billion. Meanwhile, short-term bonds represented the remaining 18%, equivalent to $24.2 billion.