‘The U.S. is not the only game in town anymore’ — Treasury debt faces more competition from higher-yielding bonds overseas than in recent decades | Fortune0

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• August 22, 2026

The bond market is one of the few forces in the world strong enough to get politicians to snap to attention. It also helps dictate how much ordinary people have to pay on their mortgages and car loans, as well as how much they earn from their savings accounts and 401(k) plans. This week rising bond yields forced the U.S. Treasury Department into an unusual