Recent developments indicate a growing concern in the global bond market, particularly regarding U.S. government bonds. Investors are increasingly wary of the risks associated with these traditionally safe investments, partly due to political uncertainties. The sell-off in the bond market has raised fears about bets against America, reflecting a broader loss of faith in the stability of American financial instruments. This situation is more concerning than the fluctuations seen in the stock market, as it questions the reliability of U.S. Treasuries. The current turmoil in the Treasury market can be attributed to a combination of economic factors and geopolitical tensions. — new from The New York Times