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Rising debt is rewriting the bond playbook. Learn how to protect your savings as American finances enter the line of fire.
A U.S. Treasury bond is like a long-term IOU from the government. You lend money, and in return, you get regular interest payments until the bond matures. But here’s the catch: the interest rate is locked in when you buy the bond. If rates go up later, your bond doesn’t adjust — it just keeps paying the lower rate. That’s one reason long-term bonds are falling out of favor right now — because…
