Becent: The United States debt market performed better than other markets, and higher rates of return reflected confidence in the economy

Becent stated that the United States bond market performed best in major global debt markets, refuting concerns about the volatility of the United States debt market. He noted that the United States economy continued to grow in large budget deficits, and that energy prices and inflationary pressures triggered by the Iranian conflict had pushed up the rate of return, which was expected to recede. According to Becent, the rising rate of return reflected confidence in the United States economy and denied that an increase in the size of the United States Treasury would distort markets or break operating practices。