The fading of the United States' asset aura leads to a significant drop in the global government issuance of US dollar bonds.

According to the Zhixun Finance and Economics APP, the issuance of US dollar bonds by governments in Asia and Europe is significantly lower than usual. They are more willing to issue bonds domestically to avoid the impact of rising US bond yields, exchange rate fluctuations, and widespread concerns about the US government's fiscal situation. Data from Dealogic shows that the issuance of US dollar bonds by non-US sovereign countries in the first five months of this year has decreased by 19% year-on-year to $86.2 billion, marking the first decline in three years.