Damn, Boy.. you're good!
Treasury Prices Turn Positive After US GDP, Jobs Data
By Cynthia Lin Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Treasury prices shot into positive territory after data in the U.S. showed worse-than-expected economic growth and weekly jobless claims.
U.S. economic growth in the first quarter grew 1.8%, below the consensus expectation of 2.2%. The latest jobs data also cast a shadow on the progress of the U.S. recovery, with weekly jobless claims coming in above the expected 405,000.
Both reports Thursday morning added to the recent drumbeat of dreary data that suggest the U.S. has hit a soft patch in its recovery.
one quarter does not make a full year, however
so, far, however.. right on the money