Rates faced upward pressure Friday following the release of stronger than expected economic data. This morning, the July Producer Price Index (PPI) rose 0.2%, above the consensus forecast of 0.1%. Core PPI, which excludes volatile food and energy components, jumped 0.3% for the month, but was a tame 0.6% higher year-over-year. Industrial Production increased 0.6% in July, well above expectations. Consumer Sentiment fell to 92.9, a bit lower than expected. No other key data will be released today.