Daily Market Update 8/14/15

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.

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