After 41 years, Saudi’s treasuries holdings unveiled

NEW YORK: One of the great mysteries of the US$13.4 trillion treasuries market has been solved after more than 41 years.

The Treasury Department on Monday released a breakdown of Saudi Arabia’s holdings of US debt, ending a longstanding policy of keeping the figures secret. The stockpile of the world’s biggest oil exporter stood at US$116.8bil as of March, up from US$82.7bil two years earlier, according to data disclosed in response to a Freedom-of-Information Act request filed by Bloomberg News.