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NEW YORK (MarketWatch) - Treasurys were lower early Thursday, pushing yields up a bit, after news of a downward revision to second-quarter gross domestic product. The 10-year benchmark note last was off 6/32 at 101-31/322 with a yield of 4.626%. The Commerce Department said that quarterly growth increased at a 2.6% rate, slightly lower than previous estimate of 2.9%. In theory, a downward revision to growth should help the fixed-income market, but a recent vigorous rally has left the market in an overbought condition. Separately, the Labor Department said initial jobless claims fell in the latest week.
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