The yield on the US 10-year Treasury note fell about 3 basis points to 4.97% on Monday as investors awaited comments from Federal Reserve officials on the monetary policy outlook. Minneapolis Fed President Neel Kashkari said inflation remains too high and has spread beyond the oil-price shock linked to the Iran war. Chicago Fed President Austan Goolsbee was scheduled to speak later Monday, followed by New York Fed President John Williams on Tuesday. Global bond yields also eased as oil prices fell for a fourth consecutive session, reducing inflation concerns. The benchmark yield had surged to a 19-year high last week after the Fed raised interest rates and signaled at least one more hike this year, while Chair Warsh reiterated the central bank's commitment to containing inflation.