"Recurring economic warning sign raises concerns over impending recession"

The 10-year Treasury yield in the US has surged over four percentage points in the past three years, reaching over 5% for the first time since 2007. This rapid increase in bond yields is reminiscent of the period preceding two past recessions. While the economy has defied pessimistic forecasts and continued to show strength, the surge in yields has injected uncertainty into the markets. Factors contributing to the increase in yields include the Federal Reserve's aggressive interest rate hikes and the sharp increase in the federal deficit, which is flooding the market with new Treasuries. While some investors are concerned about a potential economic slowdown, others remain uncertain about the indicators pointing towards a recession.