U.S. and European bond selloff pushes long-term yields to multiyear highs

U.S. Treasurys and European government bonds sold off September 28, 2026, pushing 10-year Treasury and German Bund yields to multiyear highs, the Wall Street Journal reported. Yield is the annual return investors demand. Higher long yields typically mean costlier mortgages and borrowing. I see joint U.S.-European selling leaving borrowers fewer hiding places.