Rates inched lower Friday as weaker than expected economic data boosted mortgage-backed securities. This morning, June Retail Sales fell 0.2%, below the consensus for an increase of 0.1%. Excluding the volatile auto component, Retail Sales also fell 0.2%, well below forecast. The June Consumer Price Index (CPI) was unchanged from May. An increase of 0.1% had been expected. Consumer Sentiment declined to 93.1, falling short of expectations. No other key data will be released today.