According to The Kobeissi Letter, foreign countries' share of US sovereign debt has decreased to approximately 33%, the lowest in 25 years, prompting a rise in gold prices and a fall in US bond prices. This percentage reflects a 22-point drop since the 2008 Financial Crisis, as foreigners continue to sell US Treasuries.

According to @KobeissiLetter, foreign holdings of US Treasuries experienced a significant decline of $49.7 billion in December 2024, marking the largest drop since March 2021. This follows a $30.0 billion reduction in November, indicating a continued trend of foreign investors divesting from US federal debt. This consecutive selling trend could impact USD liquidity and influence Treasury yields, which are crucial for traders monitoring interest rate movements.