“UAE’s Holdings of US Treasury Bonds Increase by 34.3% YoY in March 2023, Ranked Second in Arab World and 24th Globally”

The monthly report of the US Treasury Department showed that the UAE’s holdings of US Treasury bonds increased by 34.3%, equivalent to $15.7 billion during March 2023 on an annual basis, ranking second in the Arab world and 24th globally.

The UAE’s possession of bonds last March amounted to $61.5 billion, compared to $45.8 billion in the same month of the previous year.

Monthly, the UAE’s possession of US Treasury bonds declined by about 4.65%, noting that in February 2023 it amounted to about $64.5 billion.

According to Treasury data, the UAE’s possession was distributed between $42.116 billion in long-term bonds and $19.39 billion in short-term bonds.

The UAE ranked second in the Arab world in holding US Treasury bonds. Saudi Arabia topped the list with $116.2 billion in bonds, and Kuwait ranked third in the Arab world, with a value of $39.3 billion.

At the global level, Japan came in first place, acquiring US treasury bonds at a value of $1.088 trillion, followed by China with $869.3 billion, then the United Kingdom with about $714 billion.