GDP won't shift Fed timetable -portfolio manager

U.S. Treasury yields rose on Thursday as investors shrugged off weaker-than-expected U.S. economic growth data and focused instead on the inflation components of the report, as well as a solid jobless claims number.

The U.S. gross domestic product number did little to change market expectations of the Fed's timetable for paring its bond purchases and raising interest rates. "I don't see it changing it at all," said Simpson.

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