U.S. Treasury yields fell sharply on Friday on more weak economic data and after a 30-year auction that met with lackluster demand.
Manufacturing activity growth in New York State accelerated in May after weakening for three consecutive months, as the pace of new orders improved from a multi-year low, a New York Federal Reserve survey showed on Friday.
The New York Fed's Empire State general business conditions index rose to 3.09 in May from -1.19 in April, which had been the first negative read for the index since December.
Economists polled by Reuters had expected the index to rise to 5.0 this month. A reading above zero indicates expansion.
Industrial production for April fell 0.3 percent, while economists expected a 0.1 percent bounce.
U.S. consumer sentiment dropped in May and missed expectations of an uptick, according to a report released on Friday.
The Thomson Reuters/University of Michigan's preliminary May reading on the index was 88.6. It was down from the previous month's reading of 95.9 and missed estimates of 96.