Treasury Yields Hit 24-Year High, Ease to 5.26%

U.S. Treasury yields hit a 24-year high on Oct. 1 in a global bond sell-off, then eased to around 5.26%, Reuters reported. Yield is the bond's yearly return. When yields rise, Washington pays more to borrow, which can lift mortgages and business loans. I'm watching if selling stays broad across longer-term bonds.