Easy Instant Pot Beef Bourguignon

Ingredients

• 2 ½ - 3 lb chuck beef cut into 1-inch cubes
• Salt and black pepper to taste
• 8 oz bacon (about 6 strips)
• 2 tablespoons butter
• 1 yellow onion, diced
• 1 lb carrots, sliced into 1-inch chunks (about 5 medium carrots)
• 6 cloves garlic, minced
• ¼ cup Cognac (optional) (see notes)
• 1 750 ml. bottle good dry red wine such as Merlot or Pinot Noir
• 2 cups beef broth
• 1 tablespoon tomato paste
• 1 teaspoon fresh thyme leaves (1/2 teaspoon dried)
• 1 beef bouillon cube, crushed (optional)
• 3 tablespoons flour
• 3 tablespoons water
• 1 lb frozen whole onions
• Fresh chopped parsley (optional)

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