U.S. government debt prices rose on Friday as markets digested falling oil prices, a speech from a top Fed official and economic data.
The yield on the benchmark 10-year Treasury note briefly dipped below 2 percent and last traded at about 2.023 percent. The yield on the 30-year Treasury also fell to about 2.805 percent.
Retail sales fell 0.1 percent last month, while PPI fell 0.4 percent last month. Industrial production also slipped
"We could have used a little better data to stabilize thing in an environment like this," said John Briggs, head of strategy at RBS. "It was a small miss in retail sales. discretionary stuff was still up. for me I want to see what Dudley has to say. Is he worried enough to change course."
In oil markets, Brent crude U.S. crude both fell at least 4 percent to below $30 per barrel. The three major U.S. stock averages all shed at least 2 percent of their value.