UAE lowers investments in US T-bonds in June

UAE lowers investments in US T-bonds in June

UAE - Mubasher: The UAE has decreased its investments in the US Treasury bonds to $26.11 billion in June 2020, compared to $27.942 billion in May 2020, according to the latest data by the US Department of the Treasury.

The UAE's holdings of the US Treasury bonds increased by around $1.662 billion in May after witnessing a $14.45 billion decrease for four months on a row.

On an annual basis, the country's purchases of the US Treasury bonds plunged by 49.3% or $1 billion in June 2020, compared to about $51.5 billion in the same month of 2019.

At the level of the GCC states, the UAE has maintained its third position among the holders of the US debt instruments.