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US Treasury Secretary Besson refuted concerns about the volatility of the US bond market, stating that US bonds have performed the best among major global bond markets this year. Besent said that the US economy continues to grow under a huge budget deficit, and the inflationary pressures caused by energy prices and the Iran conflict have pushed up yields. It is expected that these factors will subside. Besant believes that the rise in yield reflects confidence in the US economy, and denies that the US Treasury Department has increased the scale of treasury bond bond repo to distort the market or break operational practices.