[Bessent States High Bond Yields and Elevated Energy Prices Are Temporary Factors, Expected to Decline After Iran Conflict Ends] Reported by Golden Finance, on May 21, the energy shock triggered by the Iran situation, heightened inflation concerns, and cooling rate-cut expectations have left bond investors and central bank officials deeply uneasy. However, U.S. Treasury Secretary Scott Bessent expressed his belief that the currently elevated bond yields and overall inflation are temporary phenomena, which will gradually recede once the related conflict subsides. In an interview with the media this week, Bessent mentioned that during the G7 Finance Ministers' meeting held in Paris, central bank officials from participating countries exhibited far greater concern over inflation issues and the bond market sell-off than he did. "As central bank officials, expressing concerns is inherently part of their role," Bessent said. "The stronger the rhetoric, the less likely it becomes necessary to implement actual regulatory measures." He noted that Bank of Canada Governor Tiff Macklem admitted the current situation is severe, and the central bank might be forced to raise interest rates. If subsequent market demand weakens, they could quickly pivot to rate cuts. "I don't need to deliberately issue strong statements; these fluctuations are merely temporary," Bessent remarked. "Conflicts will eventually come to an end, and once shipping routes are restored, energy prices will return to normal.