Live – Iman Ghaly: the state of Kuwait’s holding of US Treasury bonds in July 2022 reached the highest level since the previous February (5 months ago); This is according to a US Treasury statement last Friday.
Kuwait’s holdings in US Treasuries last July amounted to $ 49.4 billion, up 6.24% from the same month’s 2021 level of $ 46.5 billion.
On a monthly basis, Kuwait’s holdings in these bonds increased 7.39%; In June 2022, it amounted to approximately $ 46 billion.
According to official data, Kuwait’s possession was distributed between 38,229 $ 1 billion in long-term bonds and $ 11.148 billion in short-term bonds.
Kuwait continued to occupy the second place in the Arab world in possession of US Treasury bonds, preceded by Saudi Arabia, which came first with a value of 121.6 billion dollars, and the United Arab Emirates in third place with a value of 41.3 billion dollars, then Iraq with 34.6 billion dollars.
globally; Japan ranked first with $ 1,234 trillion in US Treasury bills, followed by China with $ 970 billion and then the UK with $ 634.6 billion..
Overall, US Treasury bills as of July 2022 amounted to around $ 7.501 trillion, down 0.79% from last year’s level of $ 7.567 billion, despite their monthly growth of 0.94%.
Interestingly, what the US Treasury reveals in its monthly statements is the countries’ investments in US Treasury bills and bonds only, and does not include those other investments in the US, whether government or private..
US Treasury bills are a means of collecting money and debt from countries and institutions, and the government pays them as they mature, which varies depending on the length of the bond..
US bonds are attractive due to their low default risk; Which explains the low interest yield, although the US Federal Reserve (the central bank) has been implementing a plan to raise interest rates for some time..
To trade and invest in the Gulf stock exchanges, click here
Recommendations:
“KFH: We have met the conditions for sending a mandatory purchase notice
“Kuwaiti Trade announces the selling prices of gold … and the 24 karat records 16.78 dinars
““Mawashi” founds a new company to manage and operate the Kuwait ship
–
