“US Treasuries as a portion of total foreign assets held by SAMA, as the Saudi Central Bank is known, rose to almost 35% last month. That puts them at the highest level since February 2020 at the onset of the coronavirus pandemic. The country’s investments in the US government bonds has been rising this year and SAMA now holds $144 billion in US Treasuries even as its total foreign assets has fallen to the lowest since February.” Saudi Arabia’s US Treasury Holdings Hit Highest Since 2020 [Bloomberg]