Treasuries ended lower. New pipeline attacks in Iraq outweighed an end to a three-week uprising in the city of Najaf. Trading was thin as many investors took off for an early weekend before next week's Republican convention.
Economic data was not as bad as some had feared. Second-quarter GDP rose to an annual 2.8% pace, which was better than the median estimate of a 2.7% gain. Also, the Federal Reserve Chief Greenspan's comments were not market-moving.