If the proportioning valve you have is a stock type (as installed by OEM's), then it could have an internal cutoff built in.
This is the type:
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The cutoff is a piston that is free to float between the front and rear circuits. It's purpose is to cutoff either end of the brake circuit if a leak develops on that end. This can be a big problem when bleeding brakes since the valve will move toward the end that is being bled and shut it off or severely restrict the flow. This same piston will also typically operate a switch that activates a brake system warning light. There are tools available to lock the piston in place while bleeding. The tools are used by removing the warning switch and screwing in the tool where the switch goes.
It is possible that while bleeding the brakes on your car that the cutoff has shifted to the front circuit.
This is the tool:
This COULD be your problem, but is just a possible cause. Just something to check.
You can sometiimes recenter the piston by cracking a bleeder on the opposite end of the car and gently pressing the brake pedal. Doesn't always work and the piston CAN get stuck.
Here is an internal diagram of a typical proportioning valve with this type of cutoff:
This is the type:

GM Disc/Disc Proportioning Valve for 1/2-20, 9/16-18 Outlets
These proportioning valves are similar to what GM used on many cars in the 70s. They are non-adjustable and may require an adjustable valve in the rear brakes (if needed). Block incorporates metering (for front brakes) and proportioning (for rear brakes) into one unit. For use with four-wheel...
The cutoff is a piston that is free to float between the front and rear circuits. It's purpose is to cutoff either end of the brake circuit if a leak develops on that end. This can be a big problem when bleeding brakes since the valve will move toward the end that is being bled and shut it off or severely restrict the flow. This same piston will also typically operate a switch that activates a brake system warning light. There are tools available to lock the piston in place while bleeding. The tools are used by removing the warning switch and screwing in the tool where the switch goes.
It is possible that while bleeding the brakes on your car that the cutoff has shifted to the front circuit.
This is the tool:
This COULD be your problem, but is just a possible cause. Just something to check.
You can sometiimes recenter the piston by cracking a bleeder on the opposite end of the car and gently pressing the brake pedal. Doesn't always work and the piston CAN get stuck.
Here is an internal diagram of a typical proportioning valve with this type of cutoff: