This paper reports experimental results of the debonding propagation of bundled-fibers specimens subjected to a tensile stress wave. In addition, the paper also presents a dynamic debonding model for the problem on the basis of the cohesive zone model, and verifies the model by comparing the predicted debonding to the experimental data. The established numerical model is used to study the propagation mode of the debonding, and the result suggests that in this particular specimen design and loading condition, the debonding initiated in a mixed mode condition. However, the mode II quickly increased and dominated the mode I during an early debonding propagation up to certain extend where the mode mixity became constant.