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PPI and consumer sentiment could get overshadowed

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Trouble brewing in bonds?

Producer price inflation data and consumer sentiment could be overshadowed Friday by bond market gyrations.

Stocks rose Thursday after better-than-expected retail sales data, and as Treasury yields reversed course, falling after a successful 30-year auction. The German 10-year bund yield led the way, with its biggest one- day drop in two years, while the U.S. 10-year yield fell to 2.37 percent after hitting a high yield of 2.50 for the first time since Oct. 1.

The PPI, reported at 8:30 a.m. ET, is expected to have gained 0.4 percent in May, while consumer sentiment is expected to improve to 91.5 from 90.7.

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