U.S. Treasury bond yields saw a slight decrease as Federal Reserve Chair Jerome Powell expressed concerns about the potential negative impact of maintaining high interest rates for too long. The 10-year Treasury yield dropped by 2 basis points to 4.275%, while the 2-year Treasury note yield remained relatively stable at 4.618%. Powell emphasized that while the economy and job market are currently strong, policymakers are dedicated to achieving their 2% inflation target, with potential risks emerging from inflation remaining elevated for an extended period. His remarks were made during his appearance before the Senate Banking Committee as part of a two-day session in Capitol Hill. Investors are eagerly awaiting upcoming economic data, particularly the June consumer price index report and the producer price index later in the week, with implications for market sentiment and expectations surrounding potential rate adjustments.