Besent: There is no need to panic as US bond yields rise, Argentina's stability drives Latin American alliance

US Treasury Secretary Besson stated that the recent rise in US bond yields is in line with global trends, and there has been no selling of US bonds to purchase German or Japanese bonds. Besent praised the United States' financial intervention in Argentina, believing that Argentina's stability has led Latin American countries to ally with the United States. In addition, Besant refuted AI foam concerns and believed that Microsoft, Google, Meta, Anthropic and OpenAI were driving significant revenue growth. (Source: Axios)