(MENAFN– Al-Anbaa)
Ala Majeed
Kuwait increased its holdings of US Treasury bills in October this year by 0.8%, worth $400 million, to $50.3 billion, up from $49.9 billion dollars at the end of last September.
In the first ten months of this year, Kuwait also increased its holdings of US Treasury bills by 8.4%, worth $3.9 billion, up from $46.4 billion at the end. of December last year.
Kuwait diversified from the US bond portfolio into short-term bonds worth $11.64 billion, while the largest share of long-term bonds remained at $38.64 billion.
Successful moves in Kuwaiti investments in US bonds appear to have shrunk and increased their holdings by billions in recent months, while these moves coincide with the change in yield on those bonds as well as the rise and fall of Kuwaiti investments in US stock exchanges .
Gulf contrast
Kuwait ranked second in the Arab world after Saudi Arabia, which ranked first in the Arab world by acquiring $121.1 billion worth of US bonds, up from $121 billion last September, of which $103, $10 billion in long-term bonds and $17.99 billion in short-term bonds.
The UAE also ramped up its investments during October, to $53.93 billion, up from $48.2 billion last September, including $41.6 billion in long-term bonds and $12. 33 billion in short-term bonds.
While Qatar reduced its holdings of US bonds by purchasing $6.44 billion, all long-term bonds, from $9.73 billion in September, and Oman’s holdings of US bonds fell in October to $6.95 billion, up from $7.04 billion in September, of which $6.74 billion is long-term bonds and $207 million is short-term.
While Bahrain increased its investments in US bonds to reach $2 billion in October, up from $1.42 billion last September, including $1.76 billion in short-term bonds and $249 million in long-term bonds term.
Forward Japanese
Globally, Japan maintained its top position in October for the 41st consecutive month by purchasing $1,078.2 billion worth of US government bonds, down from last September’s levels of $1,120. 2 billion dollars.
China also came in second place, after Japan, with $909.6 billion, down from last September’s levels of $933.6 billion, and in third place, the UK came in with $638, $5 billion, down from last September’s $663.3 billion levels.
Belgium ranked fourth at $327.3 billion, up from September levels of $325.1 billion, and the Cayman Islands ranked fifth in the world at $296.6 billion, down from September levels. of $301.5 billion last September.
Overall, the volume of US Treasury bills at the end of October amounted to $7,185.4 billion, compared to $7,660.7 billion in the corresponding month of 2021, an annual decline of $475.3 billion, equal to at 6.2%.
Foreign holdings of US bonds also declined during October, reaching $7,185.4 billion, down from $7,296.9 billion in September.
MENAFN17122022000130011022ID1105322997
