US Treasurys higher after data disappoints

U.S. sovereign bond prices edged higher Friday as investors digested fresh data including industrial production and consumer sentiment figures.

The yield on the benchmark 10-year Treasury note, which moves inversely to its price, moved lower to 1.7493 percent, while the yield on the 30-year Treasury bond was lower at 2.5610 percent.

Industrial production figures came in weaker than expected, showing a 0.6 percent fall in March. Capacity utilization rate data was also weaker than expected at 74.8 percent.


That's alongside preliminary consumer sentiment for April which came in at 89.7, below the expected reading of 92.0.

Later this evening, Treasury Secretary Jack Lew is will hold a press conference after attending the Spring Meetings of the International Monetary Fund and the World Bank.

No major auctions are scheduled.