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Treasury yields rise as oil spikes

Bond traders at CME Group
Getty Images

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.

Symbol
Yield
 
Change
%Change
US 3-MO
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US 1-YR
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US 2-YR
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US 5-YR
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US 10-YR
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US 30-YR
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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