The $26 trillion U.S. Treasury market is being disrupted by China, Japan, and the Fed.

The stock market is the image that investors typically associate with the financial markets.

The bond market, specifically U.S. Treasurys, is a safer investment option compared to the equity market.

""We ignored the Treasury market because it was primarily for foreigners or the Fed, but now it's a market for everyone and provides better yield, so we should not ignore it," said Priya Misra, fixed income portfolio manager at J.P. Morgan Asset Management."

The holdings of major players such as China, Japan, and the Federal Reserve in U.S. Treasurys have been declining, which could have significant consequences for the U.S. economy.

"Anders Persson, global fixed income chief investment officer at Nuveen, stated that the new buyers are more price-sensitive but not as sticky as before."

The video above discusses the reasons why major buyers are leaving the U.S. Treasury market, the effects on yields and the economy, and how investors can adapt to the market changes.