Yields on the 10-year Treasury note rose after the recent debate on the idea that a Trump election win could boost inflation.

The yield on the 10-year Treasury note reached a 16-year high Tuesday. That benchmark rate lifts interest rates on other loans.

For well over a year, the interest paid by long-term Treasury bonds has been lower than that of shorter-term debt. But a recession hasn’t happened yet.

The markets that set the yield on bonds are trying to predict the economic future.