Here’s where Treasuries could shape Trump’s Iran war — and bitcoin moves

Treasury yields and swap spreads could eventually pressure the Trump administration to moderate the conflict, analysts argue. What to know : The ongoing Iran war has led to sharp spikes in U.S. Treasury yields. Trump administration could be forced to temper the war if swap spreads exceed 60 bps or 10-year yield surges beyond 4.5%. Some market observers say a 10-year yield above 5% could spark a mini–financial crisis that forces intervention. BTC may slide initially only to recover on potential Fed or government intervention.