It was a busy day for economic data! Economic growth was hotter than expected in the first quarter, inflation came in hotter than expected, and jobless claims fell to the lowest level since 1969. However, none of this data moved the rates. Rates fell because oil markets calmed down after a spike on Wednesday. In other news, debt hit 100% of GDP and while that is not an issue now, it will be sooner than most people think...

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