The bond market is in turmoil. What it means for your money.

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• 00:05

  Good morning.

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  Concerns are mounting

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  that the global debt problem could soon trickle into the everyday economy.

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  Borrowing costs are at the highest level since the financial crisis era,

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  so we're really seeing quite a big increase

• 00:16

  in borrowing costs for a lot of governments around the world.

• 00:19

  Iran accuses the U.S. of striking a wedding

• 00:22

  as attacks between the countries resume.

• 00:24

  And why the NBA just delivered its biggest punishment in the league's history.

• 00:29

  It's Thursday, September 3rd.

• 00:30

  I'm Gideon Resnick.

• 00:31

  This is Apple News Today.

• 00:35

  A big sell-off in the global bond market

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  has pushed borrowing costs to their highest point in years.

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  And experts are saying this new risk to the economy

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  could impact everyone from credit card holders to homebuyers.

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  We're really sort of smashing through some pretty notable records.

• 00:55

  Chelsea Delaney covers the bond market for The Wall Street Journal.

• 00:58

  The most important Treasury bond that the US government issues

• 01:02

  has broken above 4.8% the yield,

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