The decline was caused by the outbreak of the Corona virus, which lost oil – the main source of income for the Gulf Cooperation Council states – about two-thirds of its value during the first quarter of 2020, in the worst historical quarterly performance, and low bond yields.
The investments of the six GCC countries in US treasury bills and bonds amounted to $ 239.8 billion as of March.
The US Treasury Department data released on Tuesday showed that Saudi Arabia is the largest Gulf states winner in US bonds, with investments of 125.3 billion dollars until the end of April, compared to 159.1 billion dollars until the end of last March.
Kuwait ranked second, with a total investment of $ 44.5 billion, compared to $ 40.1 billion in the previous month.
The UAE ranked third, with a total investment of $ 26.3 billion, then Oman with $ 6.3 billion, Qatar $ 4.7 billion, and Bahrain with $ 1.2 billion.
And what the US Treasury announces in its monthly statements, is the Gulf countries ’investments in US treasury bills and bonds only, and it does not include other investments in the United States, whether governmental or private.
And the total global investments in US treasury bills and bonds fell until the end of last April, 0.7 percent to about 6765.6 billion dollars, compared to 6810.1 billion dollars in the previous month.
Japan topped US bond holders globally with $ 1.266 trillion (falling 0.5 percent), then China with 1.072 billion dollars.