Daily Market Update 5/26/11

Rates moved lower Thursday following the release of weaker than expected economic data.  Weekly Jobless Claims rose to 424,000, above the consensus forecast of 400,000.  First quarter GDP was unchanged at 1.8%.  Economists had expected an upward revision to 2.0%.  Stocks moved lower.  Results from today’s 7-year Treasury auction will be released at 1:00 PM.

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