The bond market.
Even people who don't follow business news might have heard that it was pretty chaotic this week.
The U.S. Bond market is raising alarm bells for the economy.
Stocks sliding, oil climbing,
and the bond market flashing a warning for Washington, D.C. Bonds are the main way the U.S.
Government borrows money.
And this week, the interest the government has to pay on longer-term treasury bonds, what's called bond yields,
climbed to its highest level since 2007. And that's got the Trump administration and markets worried.
Breaking economic news now.
The Dow closed down more than 700 points today as stocks reacted to the volatile bond market.
With the U.S.
Treasury, which has stepped in to calm the bond markets and address a relentless rise in borrowing costs.
That all comes as the national debt officially passed the $40 trillion mark this week.
It's a lot to unpack here.
Why did bond yields spike this week?
What does it mean for average Americans like you and me?
Is the government doing anything about it?
And how concerned should we be?
Welcome to The Journal, our show about money, business, and power.
I'm Jessica Mendoza.