
U.S. 10-year yield pulls back from 5% on Sept. 11
U.S. 10-year borrowing costs pulled back from 5% on Sept. 11, Reuters reported, offering brief relief in a global bond selloff. The yield — the interest rate the government pays to borrow for 10 years — sets the anchor for mortgages and corporate debt. I'd treat one day's pullback as positioning, not proof the pressure has passed.
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