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US Treasurys rise amid oil fall, data

Traders in the 10-year bond options pit at the Chicago Board of Trade signal orders.
Frank Polich | Reuters
Traders in the 10-year bond options pit at the Chicago Board of Trade signal orders.

U.S. government debt prices were broadly higher on Friday as investors digested the release of a set of data that provided one last look at the mood of consumers before Federal Reserve officials meet next week to consider a rate hike for the first time in nine years.

The yield on the benchmark 10-year Treasury note sat lower on Friday, at around 2.1349 percent, after closing at 2.238 percent. The yield on the 30-year Treasury bond was also lower, at 2.8803 percent, after closing at 2.975 percent.

The yield on the 2-year Treasury note sat also lower, at 0.8991 percent, after closing at 0.947 percent. Yields touched a one-week low during the session.

Symbol
Yield
 
Change
%Change
US 3-MO
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US 1-YR
---
US 2-YR
---
US 5-YR
---
US 10-YR
---
US 30-YR
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Retail sales rose 0.2 percent in November, while PPI unexpectedly rose in November as the cost of services increased, but the underlying trend continued to point to weak inflation pressures, Reuters said.

"Bottom line, it's good to finally see an upside surprise to retail sales but the pace is still pretty mediocre outside of autos," Peter Boockvar, chief market analyst at The Lindsey Group, said in a note.

Business inventories for October were unchanged, while consumer sentiment came in at 91.8.

Thursday saw the Treasury Department auction $13 billion in 30-year bonds at a high yield of 2.978 percent. The bid-to-cover ratio, an indicator of demand, was 2.42.

In oil markets, Brent crude traded at around $38.01 a barrel on Friday, down 4.3 percent, while U.S. crude settled at $35.62 a barrel, down 3.1 percent.

— CNBC's Patti Domm contributed to this report