10-Year T-Note futures traded lower for a second straight session, pulling back to the 108'17 level as the market digested the Federal Reserve's rate decision and policy messaging. While PCE inflation data aligned with expectations and Q2 GDP came in slightly softer, long-term Treasury yields moved higher, with the 10-Year yield rising to 4.67%. The yield curve steepened significantly as shorter-dated yields remained steady while the 30-Year yield rose to 5.21%, reaching its highest level since 2007.