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UAE $17 Billion Treasury-purchase larger than China’s

Apr 21, 2021

The UAE went on its biggest Treasury-buying spree on record in February, purchasing more of the safe-haven securities than China in one of the worst months for U.S. debt markets in years. The Gulf nation, OPEC’s third-biggest crude producer, raised its stockpile by about $17 billion to $50.6 billion, making it the largest buyer after the U.K. that month.

Read the original review on Bloomberg: Treasury-Buying Spree of $17 Billion Has UAE Eclipsing China

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