Borrowing gets pricier as US and European bonds drop

U.S. Treasurys and European government bonds — government IOUs — lost value Sept. 28, 2026, driving 10-year Treasury and German Bund payoffs, called yields, to multiyear highs, the Wall Street Journal reported. Yield is the yearly return investors demand. When it rises, mortgages and loans usually cost more. My take: with both selling off, borrowers have fewer places to hide.