Interest rate markets saw 10-Year T-Note futures trade lower for a second consecutive session. Prices moved into the 111 handle, specifically 111'210, as market participants reacted to the Federal Reserve’s decision to leave interest rates unchanged. While the decision was widely anticipated, a perceived hawkish shift in sentiment during the press conference suggests rates may remain steady unless significant shifts occur in the labor market or inflation data. The resulting selling pressure across the entire curve led to a slight steepening of the yield curve, with the 10-Year yield rising 3 bps to 4.25% as prices drifted lower across short-dated and long-dated contracts.