2-Year T-Note futures extended their decline for a fifth consecutive session, sliding to a better-than-one-month low of 101'24 amid sustained selling pressure. Market participants continued to digest hawkish commentary from Federal Reserve officials alongside recent labor and CPI data ahead of Friday's PPI release, driving expectations for a potential 25 or 50 bps rate hike in December. Across the Treasury curve, the 2-Year yield climbed 14 bps to 4.87%, approaching its late September peak, while the 1-Year yield pushed to its highest level since June 2024.