Mubasher: Recent data showed that Kuwait’s holdings of the US Treasury bonds increased by 7.2% month-on-month in June 2019.
Kuwait’s holdings of the US debt instruments went up to $44.4 billion in June 2019 from $41.4 in May.
On a yearly basis, Kuwait’s holdings of US Treasury bonds rose by 3.25% when compared to $43 billion in the year-ago period.
Among the Arab countries, Kuwait came in the third place for the holdings of the US Treasury bonds in June 2019, while Saudi Arabia topped the states with holdings of $179.6 billion, followed by the UAE with $51.5 billion.
Globally, Japan came on the top, in terms of ownership of US Treasuries, with investments worth $1.122 trillion, followed by China with $1.112 trillion.
