Retail sales are expected to be down, but worry about Producer Price Index and Consumer Price Index releases Thursday and Friday could keep any bond market rally in check.

It could be really important, especially on the heels of the PPI (producer price index),

Next week's producer price index or consumer price index could tip the Fed in favor of a June hike if they're on the upside.

Lower figures for the recently released producer-price index and consumer- price index, and lower but still strong gross domestic product, combined with the seasonal slowdown in the housing market led to another decline in mortgage rates this week.

It is difficult to make the case this index will continue to rise at a healthy clip.

The catalyst for this was the sharp rise in the U.S. Producer Price Index, with the 1.9 percent jump in September coming in at more than analysts were expecting, and fueling fears of increased inflation creeping back into the U.S. economy.