According to The Kobeissi Letter, gold has emerged as the only global safe haven asset as US Treasury Bonds lose their appeal due to rising interest expenses on US debt, which reached a record $1.2 trillion over the past 12 months and is projected to exceed $1.3 trillion by 2025. This development has shifted investor sentiment away from US Treasury Bonds, impacting trading strategies and preferences in the safe haven asset market.

According to The Kobeissi Letter, the US deficit reached $1.8 trillion in 2024, accounting for 6.4% of GDP. This has led to over $1 trillion per year on interest expenses alone. The need to finance this debt is primarily addressed through the sale of US government bonds, making it crucial for traders to monitor bond market dynamics as interest rates and bond demand will influence trading strategies.