Rates moved lower Friday reflecting yesterday’s late rally in mortgage-backed securities. In economic news, the Producer Price Index (PPI) fell 0.1% in February, below the consensus forecast of +0.2%, and was just 0.9% higher than one year ago. Core PPI, which excludes volatile food and energy components, declined 0.2%. An increase of 0.1% had been expected. Consumer Sentiment fell to 79.9, below expectations. No other key data will be released today.