Treasury Yields Near Multiyear Highs as Oil Climbs

U.S. government borrowing costs rose in Asian trading Sept. 28, sitting just below multiyear highs, the WSJ reported. Stalled U.S.-Iran talks lifted oil prices, weighing on bonds. Yield — the return on government debt that helps set mortgages — hit 5.502% for the 30-year on Sept. 25, per Yahoo Finance. I expect pressure to last if crude stays up.