Treasury yields are easing lower as markets grapple with escalating trade friction. The pullback reflects typical risk-off sentiment when geopolitical headwinds intensify. For crypto traders and portfolio managers, this matters because lower yields on government bonds traditionally redirect capital toward higher-yielding alternatives—a pattern that can ripple through risk assets including digital currencies. When bond yields compress and uncertainty spikes simultaneously, investors often reassess their risk positioning. Keep an eye on how this trade dynamic unfolds; Treasury movements frequently precede shifts in institutional appetite for alternative assets.