U.S. Treasury yields touch 24-year peak before easing to 5.26%

U.S. Treasury yields hit a 24-year peak on Oct. 1 amid a deepening global bond rout, later easing to around 5.26%, Reuters reported. Yield means the annual return on the bond. Higher yields raise government borrowing costs, which can push up mortgages and business loans. I’m watching if selling stays broad across longer maturities.