We present dynamic shear and bulk modulus measurements of supercooled tetraphenyl-tetramethyl-trisiloxane (DC704) and 5-phenyl-4-ether over a range of temperatures close to their glass transition. The data are analyzed and compared in terms of time-temperature superposition (TTS), the relaxation time, and the spectral shape parameters. We conclude that TTS is obeyed to a good approximation for both the bulk and shear moduli. The loss-peak shapes are nearly identical, while the shear modulus relaxes faster than the bulk modulus. The temperature dependence of this decoupling of time scales is constant over the temperature range explored here. In addition, we demonstrate how one can measure reliably the DC shear viscosity over ten orders of magnitude by using the two measuring techniques in combination.