Bonds hit session lows on after a private report on sentiment in early January reduced some worries about domestic growth.
European equities were mostly higher on Friday, but Swiss stocks weighed on wider benchmarks.
Gold settled higher on as investors sought safety from volatility in wider markets after Switzerland unexpectedly abandoned a cap on the franc.
Brent spiked above $50 on Wednesday, before paring gains on a strengthening dollar and global economic woes.
Shanghai shares outperformed the region on Friday, as the rest of Asia languished on heightened volatility induced by the Swiss National Bank.
U.S. stock index futures fell on Friday, with markets around the world still unsettled by the Swiss central bank's shock move on Thursday.
Stocks fell Thursday, extending losses into a fifth day.
Yields on U.S. government debt were lower on Thursday after U.S. jobless claims and producer data.
European equities rallied after a volatile session of trade on Thursday to close sharply higher, following action from the Swiss National Bank.
Oil prices fell on Thursday after weak U.S. economic data spurred worries over crude oil demand.
Switzerland's franc soared by almost 30 percent in value against the euro after the Swiss National Bank abandoned its three-year old cap.
Asian stock markets traded mostly higher amid choppy trade on Thursday, as a rebound in energy prices provided some reprieve.
Gold prices jumped more than 2 percent after earlier hitting a 4-month high on Thursday as European shares and the dollar turned lower.
U.S. Treasury prices pared some gains after the government's auction of 30-year bonds and the release of the Fed's monthly Beige Book report on business activity.
European equities closed sharply lower on Wednesday as the turmoil in global commodity markets continued.
Stocks fell Wednesday as a thrashing of commodities increased worry about the world economy.
U.S. stock index futures signaled a softer open on Thursday after the Swiss National Bank shocked global markets by abandoning its peg to the euro.
U.S. crude oil surged on Wednesday, posting its biggest one-day percentage gain since June 2012.
The persisting turmoil in commodity markets ignited risk aversion in most Asian stock markets on Wednesday, with Tokyo and Sydney equities finishing at fresh lows.
The dollar fell against the yen following after newly released data showed retail sales fell 0.9 percent, its biggest drop since January 2014.
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BofA Merrill Lynch's David Woo said that we are currently in the middle of a currency war in which the Fed is unable to play.
Greece and its creditors need to quickly agree on a deal to address the crisis and then work out the details, U.S. Treasury Secretary Jack Lew said.
Nigeria's new president was sworn in on Friday and faces a tough battle to diversify an economy reliant on oil and hampered by terrorism and corruption.