Treasury Yields Surge to 1980s Levels, Sparking Recession Fears Despite Economic Resilience

The 10-year Treasury yield has risen sharply, its biggest increase since the 1980s when it preceded recessions.

The economy has defied pessimistic forecasts and continued growing despite aggressive rate hikes.

In the 1980s, rate hikes triggered recessions, but policy was more restrictive then.

Markets are uncertain if economic strength can persist amid high rates.

Bond prices keep falling as yields march higher even as rate hikes may be ending.