US 10-year yield eases from 5% on Sept. 11

U.S. 10-year borrowing costs pulled back from 5% on Sept. 11, Reuters reported, pausing a global bond selloff. The 10-year yield — the rate Washington pays to borrow for a decade — anchors mortgage and company borrowing rates. One day's dip looks like traders repositioning, not evidence the upward pressure is over.