Treasury yields are 'really, really high,' but can come down soon, Bessent's new adviser says

U.S. Treasury yields are likely to cool off after a surge to multidecade highs that alarmed bond traders and pressured consumer borrowing power, according to David Zervos , the Wall Street veteran who recently took a senior role in the Treasury Department. "These real yields are really, really high by any historic standard, so I think we have some room to come down in the future," Zervos, a counselor to Treasury Secretary Scott Bessent , said Thursday on CNBC's "Power Lunch." Zervos' comments come after the 10-year and 30-year U.S. Treasury yields have marched to 24-year highs over recent days.