10-year yield nears 5.37%, 24-year high; stocks slip

The 10-year Treasury yield neared 5.37% on Oct. 7, 2026, a 24-year high, Investopedia reported. Yield — the interest the government pays to borrow — lifts other rates, so mortgages, credit cards and business loans get pricier. The S&P 500 and Nasdaq fell that day as safer returns drew money from stocks.