Rates inched lower Thursday on tame inflation and weaker than expected economic data. The Consumer Price Index (CPI) fell 0.2% in May. Core CPI, excluding food and energy components, rose 0.1%. Weekly Jobless Claims rose to 472,000, well above forecast. The Philadelphia Fed index came in at 8.0, a 10-month low. Leading Indicators rose 0.4%, in line with expectations. Stocks were mostly lower. No other data will be released today.