Updated

U.S. Treasury yields eased after the 10-year and 30-year hit 24-year highs in recent sessions, as traders digested comments from a top Federal Reserve official and awaited another long-dated bond auction. David Zervos, a new adviser to Treasury Secretary Scott Bessent, said yields are 'really, really high' but could come down soon. The moves reflect ongoing market uncertainty over the path of Fed policy and government borrowing needs, with investors closely watching auction demand and Fed commentary for signals on whether the recent yield spike will persist.