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Two words gang two little words bond and yield from American public media. This is Marketplace.

In Los Angeles, I'm Kyle Rizzo. It is Monday. Today, the 21st of August,

just as always to have you along everybody. We begin today, not far from where we left off last

Friday, actually in the bond market and the interesting, shall we say, behavior of the benchmark

US 10-year treasury bond. 4.35% was the yield on the 10-year today at one point, which, while

historically not so bad, is more than a full percentage point higher than it was this past spring.

All of that is a long-winded way of saying that money in this economy is getting more expensive.

And we have talked a lot about why that is, the Fed raising rates, of course, the prospect of a

healthier economy to come as well. Also though, this, the people countries that is, that usually buy

American debt are becoming a little less interested among them China and Japan. Marketplace

is a rebenish or gets its going. As foreign countries go, Japan and China are big holders of US debt.

Two of the biggest number one and number two. Josh Lipski is at the Atlantic Council. In case

you're wondering, most of our government debt is held domestically. Only about 30% is held abroad.

But about a third of that is held by China and Japan. It comes out to a little more than

$2 trillion in US treasuries. And right now, those two countries look like they are backing off.

That doesn't mean they don't have appetite, but it does mean they are diversifying a little bit

away from US treasuries. The reasons reflect things going on in the Chinese and Japanese

...