U.S. Borrowing Rate Hit 5.35% on Oct. 7

The U.S. government's 10-year borrowing rate hit 5.35% on Oct. 7, up nearly 0.08 points, CNBC reported. It's the yearly return on government IOUs, and works like a base price for home loans and business borrowing. U.S. stocks fell from record highs that day as the rate rose, Reuters reported.