U.S. borrowing costs hit 24-year high; stocks fall

U.S. government 10-year borrowing cost nearly 5.37% interest on Oct. 7, 2026, the highest in 24 years, Investopedia reported. That base borrowing price lifts home loans, credit cards and business loans. Big U.S. stocks tracked by the S&P 500 and Nasdaq fell that day as safe savings looked better.