Rates faced upward pressure Thursday in volatile trading. This morning, weekly Jobless Claims fell to 282,000, below the consensus forecast of 290,000. Crude oil prices jumped following news that Saudi Arabia and its allies launched an airstrike against Houthi rebel forces in Yemen. While Yemen is not a large oil producer, it is located at the heart of one of the world’s most important energy transportation routes. The dollar fell against most major currencies as gold moved higher. Results from today’s 7-year Treasury auction will be released at 1:00 PM.