Treas Sec Bessent on CNBC:Oil prices will come down. Pres. has been saying Iran is not ready to make a deal.Operation outcast will make Iran make a dealThe bond market is most resilient in the worldHad a robust meeting with PBOC chief last nightIf there were a problem with the US bonds, people would be selling our bonds and buying others. We are the best performing bond market. Regarding US bond market don't believe I can change equilibrium price.The 10 year yield is at levels when the Pres. took office. Meeting with Canadian counterpart. We are not in war with Canada. Canada was offered the best trade deal than any country in the world.Carney is not doing what's best for Canadian people Does not want to speculate on what Fed chair will do. Traditionally, the Fed does not raise rates into a supply shockBelieves that Japanese government and the Bank of Japan are to do things that lead to a JPY riseJPY market is pricing in expectations now.The USD is ticking a little lower. The comment that the Fed does not traditionally raise rates into a supply shock may be the catalyst (although there is no change in the change for a rate hike in September) Bessent and Warsh took the same plane to the G20. Bessent quipped that they talked about tennis, but this comment is an excuse for Chair Warsh to put off tightening. However, the vote is by committee and there are a number of Fed officials who are talking hike. This article was written by Greg Michalowski at investinglive.com.