Rates were little changed Friday as mortgage-backed securities recovered most of yesterday’s late losses following the release of weaker than expected economic data. This morning, July Retail Sales were unchanged from June, well below the consensus forecast for an increase of 0.4%. Excluding the volatile auto component, sales fell 0.3%, also below expectations. Separately, the “Core” Producer Price Index fell 0.2%. An increase of 0.2% had been expected. Consumer Sentiment rose to 90.4, below the consensus of 91.5. No other key data will be released today.