U.S. Treasury Secretary Scott Bessent defended the recent rise in government bond yields, stating that the movement in the 10-year Treasury yield, which briefly touched its highest level since 2002 this week, is a global phenomenon and no cause for excessive concern. He also dismissed market worries about an overheating AI spending bubble, arguing that investments by leading tech companies are backed by solid business logic. Bessent further hinted that the U.S. government might offer financial assistance similar to that provided to Argentina and Japan to more allied nations in the future.