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Treasury yields rise as oil spikes

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U.S. government debt prices were lower on Friday as investors digested U.S. economic data ahead of the three-day Presidents Day weekend.

The yield on the benchmark 10-year Treasury note sat higher, at 1.741 percent, while the yield on the 30-year Treasury bond was also higher, at 2.596 percent.

Retail sales rose 0.2 percent in January, while economists expected a 0.1 percent increase. Import prices fell for a seventh straight month, however. Consumer sentiment and business inventories are also set to come out at 10:00 a.m.

Treasurys

Thursday saw the Treasury auction $15 billion in 30-year bonds at a high yield of 2.5 percent. The bid-to-cover ratio, an indicator of demand, came in at 2.09, versus a recent average of 2.35.

Stocks rebounded Friday after a week when markets fed on fears about economic weakness and worries about the health of European banks.

In oil markets, Brent crude traded at around $32.87 a barrel on Friday, up 9.35 percent, while U.S. crude was up $2.84, or 10.8 percent, at $29.04.

— CNBC's Patti Domm contributed to this report