In order for our brothers to better understand the logical issue of "US bonds and US bond yields", we have specially found this video, which is easy to understand! Another question, why are people unwilling to buy US treasury bond bonds? The United States owes too much money. At present, the balance of treasury bond has exceeded 36 trillion dollars, and the annual interest expenditure on treasury bond has exceeded 1 trillion dollars. At present, the fiscal revenue of the United States is less than $5 trillion, and the interest expenditure on treasury bond alone will cost more than one-fifth. This is equivalent to that every American owes a large sum of money. However, the government has kept issuing new bonds to cover the old ones (the fundamental interest of Trump's recent tariff war is to ask others to buy its treasury bond). The market is oversupplied, so naturally no one wants to take over. 2. Interest rates are frighteningly high. In order to fight against inflation, the Federal Reserve keeps raising interest rates. Now the money deposited in the bank has good interest rates. Who is willing to buy treasury bond bonds with low yield and increased risk? 3. International buyers are starting to withdraw. Major buyers of US Treasury bonds, such as China and Japan, are gradually reducing their holdings. Many countries are de dollarizing and, fearing sanctions, are no longer holding large amounts of US Treasury bonds. At the end of the day, this actually exposes a major economic problem in the United States: external strength and internal weakness. The people are actually under a lot of pressure. High inflation, expensive housing loans, expensive grocery shopping, and not much increase in wages. Trump's strategy of "bringing manufacturing back to the United States" cannot be realized by talking about it. The problem is that American workers are expensive, environmental protection is strict, workers are hard to find, and factories and supporting facilities have to be rebuilt. The cost is too high, and it is difficult to achieve results in the short term. Nowadays, the United States is struggling under the triple pressure of "high debt, high interest rates, and high inflation". In order to maintain the economy, it has to constantly borrow money and issue bonds; but the more it borrows, the higher the interest rates and the greater the burden on government spending, entering a vicious cycle. So, as soon as everyone saw that the situation was not right, they began to sell US bonds and withdraw their money as a safe haven. This is also the fundamental reason why bond yields soar.