Treasury Yields May Surge Past 5% as Yield Curve De-Inverts, Signaling Risk of Recession

10-year Treasury yield could continue surging past 5% as yield curve looks to fully de-invert, says forecaster Jim Bianco.

De-inversion likely as Fed vows to keep interest rates higher for longer.

Rates haven't been restrictive enough yet to hurt economy - GDP, jobs still strong.

Long-term yields may be pushed up by more Treasury note issuance, less buying by Bank of Japan.

Though economy looks resilient so far, yield curve typically de-inverts before a recession hits.