US Treasury Secretary Bernard said that the high bond yields and high energy prices are temporary factors, and they will fall after the end of the conflict in Iran.

The energy impact triggered by the situation in Iran, the exacerbation of inflation concerns, and the cooling of rate cut expectations have made bond investors and central bank officials from various countries increasingly nervous. However, U.S. Treasury Secretary Scott Benson expressed his belief that the currently high bond yields and overall inflation are temporary phenomena, which will gradually decrease after the related conflicts are resolved. Benson said in an interview with the media this week that at the G7 finance ministers' meeting in Paris, central bank officials from various countries expressed much stronger concerns about inflation and the selling spree in the bond market than he did. "As central bank officials, expressing concerns is part of our job," Benson said. "The more forceful the rhetoric, the less necessity for actual regulatory measures." He mentioned that Bank of Canada Governor Tiff Macklem admitted that the current situation is serious, and the central bank may be forced to raise rates. However, if market demand weakens subsequently, they can quickly switch to cutting rates. "I don't need to deliberately release strong statements; these fluctuations are only temporary for now," Benson said. "The conflicts will eventually end, and once shipping lanes are restored, energy prices will return to normal."