U.S. 30-Year Treasury Yield Hits Highest Since 2002

The U.S. 30-year Treasury yield touched its highest level since 2002 on October 1, then eased 3.33 basis points to 5.6057%, Reuters reported. A basis point is one hundredth of a percentage point. Yields rise as bond prices fall. Long-dated Treasury yields help set rates on many mortgages and corporate loans.