Initial jobless claims rose 1,000 to 339,000. Final GDP for the fourth quarter was an unrevised 4.1%, meeting expectations. The core personal consumption deflator, which the Fed often uses to measure inflation, was revised upwards to a 1.2% rise, instead of 0.7%, suggesting inflation may be building.
On tap tomorrow is personal income and spending data, and a final reading on the University of Michigan Sentiment report.
Treasuries pared losses earlier in the session on a few terror-related headlines, which renewed some discomfort for shorts. A Dow Jones headline said that another terror attack is planned before the election, and recently newswires said an audio tape of No. 2 Al Qaeda bad guy Zawahri called for Pakistanis to overthrow the government.