Rates faced upward pressure Tuesday despite the release of weaker than expected economic data. This morning, the Commerce Department reported that June Personal Income rose by 0.2% from May, below forecast. Separately, the Core PCE price index, the Fed’s preferred measure of inflation, rose by 0.1% in June, short of expectations, and was a tame 1.6% higher than one year ago. June Consumer Spending rose by 0.4%, a bit more than expected. Stocks moved lower. No other key data will be released today.