The UAE has slightly raised its holdings of US Treasury bonds by 0.2% month-on-month, or $100 million, in April to $55.7 billion from $55.6 billion, data by the US Department of the Treasury showed.
Year-on-year, the GCC state’s investment in the US debt instruments fell by 6.7%, or $4 billion, last April, versus holdings of $59.7 billion in April 2018, the US department added in a recent report.
The UAE came in the 21st place among holders of the US sovereign debts, while China topped the list with $1.113 trillion followed by Japan with holdings of $1.064 trillion.
At the level of Arab states, Saudi Arabia led the list as the top holder of US government bonds in the Arab world with holdings of $176.6 billion, the report highlighted.
The US Department of the Treasury previously reported that the UAE had raised its holdings of the US Treasury bonds in March to $55.6 billion from $54.5 billion in February.