Market Insider

PPI and consumer sentiment could get overshadowed

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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