Why US Bond Rate Is a big deal for Global Economy?

As we know, US debt has reached $29 trillion, and it is a lot of debt. All of the money is borrowed by selling bonds. So, what bonds actually are and how it works. Firstly, I have explained what bonds are and how US bonds work. Corporations to raise the necessary funds is to issue bonds to whoever wants to buy them. But that's all a bond is a loan. When you buy a bond, you're lending money to the organization that issues it. Businesses aren't the only entities that can issue bonds. Governments and municipalities sell them as well. Governments issue bonds to fund programs, meet their payrolls, and essentially pay their bills. So, Bonds from stable governments, such as the United States, are considered extremely safe investments. Then I have explained why the Fed changed interest rate and how its works? The Fed, formally known as the Federal Reserve Bank, does have a tremendous amount of power. But why would the Fed want to change interest rates at all, let alone raise them? Because changing the interest rates can stimulate economic growth and fight inflation.

And last but not least, I have explained how US Bond interest rates important for the US economy, markets and global economy.