U.S. government debt prices were higher Friday as investors digested a slew of economic data.
On the data front, The employment cost index (ECI), increased by 0.6 percent in the second quarter, the Labor Department said Friday.
Personal income ticked up 0.1 percent in September, the smallest gain since March, and consumer spending for August rose 0.1 percent, the Commerce Department said.
Meanwhile, the personal consumption expenditures (PCE) price index rose 0.2 percent, the smallest increase since April.
The Thomson Reuters/University of Michigan's final October reading on the index was 90.0. That was higher than the previous month's reading of 87.2, but missed Reuters' estimates for 92.5.
The yield on the benchmark 10-year Treasury note sat lower on Friday, at 2.1522 percent, after closing at 2.172 percent on Thursday. The yield on the 30-year Treasury bond was also lower, at 2.9340 percent, after closing at 2.965 percent.
Thursday saw the Treasury Department auction $29 billion in seven-year notes at a high yield of 1.885 percent. The bid-to-cover ratio, an indicator of demand, was 2.55.
On Wednesday, the Fed put markets on notice that a rate hike could be coming sooner, when it specifically indicated it could raise rates in December and detailed what it would consider in its decision-making process.
There are two more monthly employment reports before the Fed's December meeting, but the Fed, and markets, will be sensitive to all employment and inflation related data released over the next six weeks.
—CNBC's Patti Domm and Reuters contributed to this report