30-Year Treasury Yield Hits 5.69%, a 24-Year High

The 30-year U.S. Treasury yield hit 5.69%, a 24-year high, CNN reported Oct. 1. Yield here means the yearly return for lending to the government for 30 years. Because the $29 trillion Treasury market sets the baseline for almost all assets, Reuters notes, higher long yields can push up mortgages and other borrowing costs.