The International Monetary Fund warned of growing threats to the US debt market amid the persistently high US budget deficit. According to the Fund, large-scale borrowing is undermining the traditional perception of Treasury bonds as the safest asset.

The country's federal budget deficit has remained around 6% of GDP for the past three years, an unusually high level outside of crises or military conflicts. According to the Congressional Budget Office, this trend could persist for the next 10 years.

The Fund warns that if investor confidence in the US's ability to service its debt declines, bond yields could rise or demand for them could decline. This, in turn, could increase market pressure and raise the government's borrowing costs.

The geopolitical situation remains an additional risk factor. The military conflict in the Middle East is increasing the burden on countries' budgets, forcing them to balance between supporting the economy and curbing the growth of public debt.