Analysis: Bitcoin and stocks stabilized after falling at the start of the week, but the US Treasury market has yet to react.

CoinFeed, March 6th - According to CoinDesk, while Bitcoin and global stock markets have rebounded from the sell-off triggered earlier this week by the US-Israel-Iran conflict, the US bond market continues to send cautious signals. Bitcoin traded back above $70,000 on Friday, up nearly 10% for the week, and S&P 500 futures also recovered some ground. Market sentiment stabilized thanks to the US's swift commitment to provide naval escorts and political risk insurance for oil tankers transiting the Strait of Hormuz. However, the 10-year US Treasury yield has climbed for four consecutive days, rising from 3.93% to 4.15%; the interest rate-sensitive 2-year yield jumped from 3.37% to nearly 3.60%. The rise in yields suggests that traders are reassessing the outlook for monetary policy as the conflict could reignite inflationary pressures due to potentially higher energy prices.