US Treasuries are slightly improved this morning but Fannie Mae and Freddie Mac mortgage-backed securities (MBS) have been flat.  Stocks are down on lower quarterly profits reported by Bank of America and Citi and lower than expected sales figures from GE.  In economic news the June Consumer Price Index (CPI) came in as projected at -.1%.  The Core CPI, excluding food and energy, was up .2% which was slightly higher than the up .1% expected.  The University of Michigan preliminary July consumer sentiment index came in at 66.5 which was lower than the 76.5 projected value.