30-year Treasury yield hit fresh 24-year high on October 7

The U.S. 30-year Treasury yield hit a fresh 24-year high on October 7, 2026, Reuters reported. The yield — the return investors demand to hold long-term government debt — climbed even as a strong 10-year auction eased the broader selloff. I see this long-end pressure as what lifts mortgage and corporate borrowing costs.