Rates continued moving higher Thursday as Treasurys and mortgage-backed securities sold off sharply yesterday in reaction to Tuesday’s Fed announcement. Mortgage rates are now at their highest levels since October. Investors have expressed growing concerns about higher inflation. Today’s economic data brought no major surprises. Weekly Jobless Claims fell to 351,000, slightly below forecast. The February Producer Price Index (PPI) rose 0.4%, less than expected, and was 3.3% higher than one year ago. Core PPI, which excludes volatile food and energy components, increased 0.2%, matching expectations. The Philly Fed Index, a survey of economic activity in the Philadelphia region, came in at 12.5, in line with forecast. No other key data will be released today.