The article does not deal with a possible recession but with the flattening of bond yield rates and why they cannot be considered individually as a tool to predict a possible crisis.
As far as LIBOR is concerned, the expectation of increasing and exogenous inflation (therefore not deriving from economic growth but from the scarcity of raw materials caused by COVID and the restart of industry) positively influences the rate which, as I recall, is influenced by monetary policies (interest rate increases) but also by inflation, while it is not influenced and cannot be manipulated through futures. I think you should find out more about how it is set. By the way, LIBOR is not a reliable parameter since 2008, it will be soon replaced and it concerns the international panorama, so I don't understand why it should be taken into consideration within my analysis.
I thank you for your comment.
RE: Why is the flattening of rates not anticipating a new recession?