U.S. Treasuries prices rose on Friday, with yields hitting their lowest levels in a week, as weaker-than-expected U.S. retail sales and producer prices data reinforced the view of modest economic growth and tame inflation.
The data also supported the notion the Federal Reserve would raise interest rates gradually if it decides to tighten monetary policy.
"We had a weak set of data and people realize the Fed's rate-hike plan will be slow and data-dependent," said Com Crocker, managing director of government and agency securities trading at Mesirow Financial in New York.
The Commerce Department said retail sales edged up 0.1 percent last month, after being unchanged in September, which fell short of the 0.3 percent increase forecast by analysts polled by Reuters.
It also said producer prices fell 0.4 percent last month, following a 0.5 percent drop in September. Economists polled by Reuters had projected a 0.2 percent increase.