According to online reports, according to analysis by The Kobeissi Letter, 1-year U.S. credit default swaps (CDS) have risen to 52 basis points in recent days, close to the highest level since 2023. Excluding the debt ceiling crisis in 2023, the cost of insuring the U.S. government against default is at its highest level in 12 years. In addition, the outstanding amount of credit default swaps in the United States increased by approximately $1 billion this year to $3.9 billion, the second highest level since 2014. Investors are increasingly worried about the U.S. government's rising deficit. The United States reached its legal borrowing limit in January and took "extraordinary measures" to avoid default. The analysis pointed out that the debt ceiling crisis has never been really resolved, and the risk of default by the U.S. government has increased.