According to CoinMeta, Bassette stated that the U.S. bond market has performed the best among the world's major bond markets, refuting concerns about turmoil in the U.S. debt market. He pointed out that the U.S. economy continues to grow despite a huge budget deficit, and inflationary pressures caused by energy prices and the Iran conflict have pushed up yields, which he expects to subside. Bassette believes that the rise in yields reflects confidence in the U.S. economy and denies that the Treasury Department's increase in the scale of treasury bond repurchases will distort the market or break operational conventions.