Crucial inflation reports are ahead, starting with June’s Consumer Price Index on Thursday. Look for the Producer Price Index on Friday, which will give us news on wholesale inflation.

Also of note, Tuesday brings the NFIB’s report on confidence among small business owners for July. The latest Jobless Claims will be reported as usual on Thursday. Investors will also be closely watching Wednesday’s 10-year Note and Thursday’s 30-year Bond auctions for the level of demand.