The market is pricing in approximately 35 basis points of Federal Reserve rate hikes by the first quarter of the following year.

The market is pricing in nearly 20 basis points of a Federal Reserve rate hike by the end of the current year.

The rise in real yields is a signal that the US economy is strengthening.

A sustained high-interest-rate environment will increase pressure on corporate borrowing and consumer loans for items like housing and cars.

Historically, oil shocks have been a primary cause of US recessions.