According to Jin10, U.S. Treasury Secretary Bessent rejected concerns about rising U.S. debt and criticism of the Treasury Department's measures to manage market volatility, saying market performance contradicts claims that investors are uneasy. He said he was not sure where the supposed bond market turmoil was and noted that U.S. Treasuries have performed best among major global bond markets this year. Bessent also said the United States is in a stronger position than many developed economies because its economy continues to grow despite a large budget deficit. He said energy prices and inflation pressure from the Iran conflict have pushed yields higher, but he expects those factors to fade over time, and added that the rise in yields reflects confidence in the U.S. economy. He also dismissed concerns from some central bank policymakers over the Treasury Department's unexpectedly larger buyback program, denying that the measure distorts the market or breaks the usual predictable pattern of U.S. Treasury market operations.
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