Live – Iman Ghaly: The State of Kuwait’s possession of US Treasury bonds in July 2022 reached the highest level since the previous February (5 months ago); This is according to a statement by the US Treasury last Friday.
Kuwait’s holding of US Treasury bonds last July amounted to $49.4 billion, an increase of 6.24% over its level in the same month of 2021, which amounted to $46.5 billion.
On a monthly basis, Kuwait’s holdings of these bonds increased by 7.39%; In June 2022, it amounted to regarding $46 billion.
According to official data, the possession of Kuwait was distributed among 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 thirdly came the United Arab Emirates with a value of 41.3 billion dollars, then Iraq with 34.6 billion dollars.
at the global level; Japan came first with $1.234 trillion in US Treasury bonds, followed by China with $970 billion, and then the United Kingdom with $634.6 billion.
In general, US Treasury bonds in July 2022 amounted to regarding $7.501 trillion, down 0.79% from their level in the same month last year of $7.567 billion, despite their monthly growth of 0.94%.
It is noteworthy that what the US Treasury discloses in its monthly statements is the investments of countries in US Treasury bills and bonds only, and does not include those other investments in the United States, whether governmental or private..
US Treasury bonds are a means of collecting money and debts from countries and institutions, and the government pays them at the time of their maturity, which varies according to the term of the bond..
US bonds are attractive because of the low risk of default; Which explains the low return on it, interest, although the US Federal Reserve (the central bank), has been implementing a plan to raise interest rates for some time.
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