As Iran tensions escalate, U.S. Treasury yields have surged to multi-month highs, sparking concerns about potential economic pressure facing the Trump administration. ING analysts have warned that if the 10-year U.S. Treasury swap spread exceeds 60 basis points, it could significantly increase America's financing costs and impact risk assets like Bitcoin. Meanwhile, market observers point out that the current 10-year Treasury yield stands at 4.37%, approaching a critical range of 4.5%-4.6%, a level that previously triggered tariff pauses. Once this range is breached, yields could approach 5%, a threshold viewed as a destabilizing factor for risk assets and could potentially trigger Federal Reserve intervention.