This podcast episode explores the recent increase in the 10-year Treasury yield and its implications for investors and businesses. The hosts introduce the concept of the yield curve and explain that the 10-year Treasury bond yield has been climbing to levels not seen in years, making bonds more attractive to investors. The increase in the 10-year yield is attributed to the term premium, which reflects investors' demand for higher returns on longer-term bonds. The section also discusses the potential positive implications of higher interest rates, such as sustained economic growth and thriving businesses. However, there are concerns about the impact of higher rates on businesses, particularly in the construction industry. The podcast highlights the uncertainty and anxieties surrounding the future and the potential challenges that businesses and borrowers may face.