March saw an increase in Saudi Arabia’s holdings of US treasuries for the eighth straight month, totalling $135.9 billion, or 3.66 percent more than the previous month. In March, the Kingdom was rated 17th out of the biggest investors in these financial securities, according to official statistics that Washington supplied.

The analysis stated that long-term bonds totalling $107.3 billion, or 79% of Saudi Arabia’s holdings of US Treasuries, made up the majority of the assets. However, short-term bonds issued by the Kingdom made up 21% of the entire value in March, valued at $28.6 billion. The Kingdom held $131.1 billion in US Treasury securities as of February, down from $133.5 billion in January and $132 billion in December.

Japan may have been the biggest buyer of US Treasury notes in March, according to the data, with holdings of $1.18 trillion, up 1.16 percent from February. Following with portfolio values of $767.4 billion and $728.1 billion, respectively, were China and the UK. Canada and Luxembourg, whose treasury holdings totalled $359.1 billion and $399.3 billion, respectively, were placed fourth and fifth, respectively.

With $317.8 billion in assets, Ireland came in sixth on the list. Belgium came in second with $317.1 billion in portfolios. With $302.9 billion in treasury reserves, the Cayman Islands ranked eighth, behind only France and Switzerland, whose assets were $283.1 billion and $262.9 billion, respectively.

Taiwan’s $259 billion in treasury holdings placed it eleventh on the list. India ranked twelfth with $240.6 billion in assets, followed by Singapore and Brazil with $227.1 billion and $208 billion in holdings, respectively. The Saudi Central Bank, or SAMA, published a report earlier this month that showed that, in comparison to the previous month, overseas reserve assets fell by 2% in April to SR1.66 trillion ($440 billion).