نمو حيازة الدول العربية من سندات الخزانة الأميركية بنحو 1% إلى 257 مليار دولار في يوليو 2023

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00:00 It seems that the desire to withhold the American debt is still active and attractive to many

00:07 countries around the world, but it is not attractive to other countries.

00:12 Or maybe politics is playing a role in reducing the withholding of US bonds.

00:17 We noticed that China in the last round started to reduce, while Japan remains the largest

00:22 holder of the US debt.

00:23 In terms of the Arab world, we also find that Saudi Arabia has the largest percentage among

00:30 the Arab countries.

00:31 In total, the US debt reached 7.6 trillion dollars in July, of course, through issuing

00:38 US bonds.

00:39 The rate of increase reached 1.2%.

00:40 Why did these issuances increase?

00:41 Because there were demands on them, especially Japan, the largest holder, whose withholding

00:45 reached today, or even in July, to the level of 1.2 trillion dollars.

00:49 And it increased the withholding by 1%, while China lost 2% of its withholding and sold a

00:56 good amount of it.

00:57 And now it is less than a trillion dollars, about 822 billion dollars.

01:02 Britain reduced its withholding by 2%.

01:04 I mention that sometimes countries resort to reducing the withholding, not for political

01:09 reasons, but also for their needs.

01:11 And the reason is that the US has a very large debt.

01:15 The United Kingdom today has a 662 billion dollars, according to the latest report in

01:21 July.

01:22 Luxembourg raised it to 5% compared to June, to 350 billion dollars.

01:27 And Belgium reduced it by 4%.

01:29 We go to the Arab market or the Arab region and its withholding of US bonds or US dollars.

01:35 The Arab world is a very large country.

01:38 Saudi Arabia is the largest holder.

01:45 In total, the withholding reached 256 billion and 600 million dollars.

01:53 Until July, the withholding increased by 1% in total, and the increase was about 3.1 billion

01:59 dollars.

02:00 The withholding is distributed as follows.

02:02 Of course, Saudi Arabia is affected by the largest percentage, 43% of the 100, followed

02:08 by the UAE 25% and Kuwait 16%.

02:11 Iraq buys from the US debt 13%.

02:14 Morocco 2% and Egypt 1%.

02:17 Some may be surprised why countries resort to borrowing, and at the same time, they

02:23 borrow other countries, because this is a very important center that supports the central

02:29 banking system in many countries when the US bond is in reserve.

02:35 But for Saudi Arabia, did it raise its withholding?

02:38 Yes, it raised it by 1%.

02:40 This was the first increase in the withholding in four months, because it was maintained at

02:45 previous levels and reduced the withholding in previous times.

02:49 Today, it reaches 109 billion and 200 million dollars.

02:53 The UAE, the second, reduced the withholding by half the percentage.

02:59 This is the third reduction in three months in total for the UAE.

03:05 Kuwait 5% increased it.

03:08 Iraq reduced it by 1% and Morocco reduced the withholding by 2% of the total US debt.

03:16 And the figures show that it is actually more focused on Saudi Arabia.

03:20 What also plays a role in the process of maintaining US bonds alongside other factors,

03:26 or being a lure for us or a pursuit?

03:29 We are talking about the Federal Decree on September 20.

03:33 The probability of stabilizing interest rates will be 99%.

03:36 What about the balance of the treasury bonds for the next 10 years?

03:39 Usually, it is those that countries are in reserve, but even these countries are in reserve

03:43 the 30-year bonds as the farthest estimate.

03:46 We are approaching the record of the return level at its highest level since November 2022.

03:55 These were the overall changes that occurred on the balance of the US debt in July.

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