Rates were little changed Thursday in volatile trading. This morning, second quarter GDP estimates were revised higher to 2.5% annual growth, above the consensus forecast of 2.2%. The unexpectedly large increase was mostly due to an upward revision to exports. Mortgage-backed securities initially sold off after the report, but have since recovered their losses. Weekly Jobless Claims declined to 331,000, close to expectations. Stocks moved higher. Results from today’s 7-year Treasury auction will be released at 1:00 PM.