Treasury Yields Surge to 1980s Levels, Sparking Recession Fears Despite Economic Resilience
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The 10-year Treasury yield has risen sharply, its biggest increase since the 1980s when it preceded recessions.
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The economy has defied pessimistic forecasts and continued growing despite aggressive rate hikes.
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In the 1980s, rate hikes triggered recessions, but policy was more restrictive then.
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Markets are uncertain if economic strength can persist amid high rates.
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Bond prices keep falling as yields march higher even as rate hikes may be ending.
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