US bond holdings rise to 7.748 trillion dollars

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The total value of global investments in US Treasury bills and bonds rose to 7.748 trillion dollars until the end of November 2021.

And an increase of 1.2 percent on a monthly basis from 7.659 trillion in the previous October.

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According to a survey of US Treasury data released on Wednesday, Japan ranked first in holdings of US bonds with $1.34 trillion in November, up from $1.32 trillion in October.

China came in second place with 1.08 trillion dollars, compared to 1.065 trillion during the two comparison periods.

China has been the largest investor in US Treasuries for years, but has been outnumbered by Japan as of June 2019.

And this is after a trade war wrecked the economic relations between Washington and Beijing.

In third place came the United Kingdom, with investments of 621.6 billion dollars, compared to 579.8 billion dollars.

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Fourth, Luxembourg, with $334.4 billion, compared to $314.3 billion on a monthly basis.

Ireland came in fifth, with 331.3 billion dollars, compared to 324.3 billion dollars.

In contrast, GCC investments in US Treasury bills and bonds fell by 3.5 percent.

On a monthly basis, last November, it reached $219.3 billion due to a $5 billion decrease in the UAE’s holdings.

The GCC investments in US Treasury bills and bonds amounted to $227.2 billion as of October 2021.

The data showed that Saudi Arabia is the largest holder of the Gulf states in US bonds, with investments of $115 billion until the end of November.

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This compared to $116.5 billion until the end of October, followed by the UAE with total investments of $48 billion, compared to $53 billion in October.