SUMMARY: The third reading for the first quarter surprised with an upward revision to 2.0% which has pushed bond yields up over 10 basis points, jobless claims fall to a  4-week low, mortgage demand hits a 7-week high, and we prepare for a Smörgåsbord of data the next 7 days...

NOTES:

• First-quarter economic growth was actually 2%
• Jobless claims in U.S. drop to four-week low
• Mortgage Demand Rises For The Third Straight Week

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