Rates inched higher Friday reflecting yesterday’s selloff of bonds and mortgage-backed securities. In today’s news, preliminary GDP estimates indicated the economy grew by 2.9% in the third quarter, above the consensus forecast of 2.5%, and up from 1.4% in the second quarter. Strength was seen in exports and inventory levels. Consumer spending grew at a slower pace than in the second quarter. Separately, Consumer Sentiment slipped to 87.2, slightly below expectations. Stocks moved modestly higher. No other key data will be released today.