Best Instant Pot Baked Beans

INGREDIENTS

1 lb

dried pinto beans ((or navy beans))

9 1/4 cups

water, (divided)

1 tsp

salt

1 cup

chopped thick-cut bacon, (about 6 slices)

sweet onion, (peeled and chopped)

bell pepper, (seeded and chopped)

garlic cloves, (minced)

1 cup

barbecue sauce

3 tbsp

spicy brown mustard

2 tbsp

tomato paste

3/4 cup

light brown sugar, (packed)

1 tsp

liquid smoke

1/2 tsp

ground cinnamon