U.S. government debt prices were mixed on Friday as investors digested a number of key data sets.
The yield on the benchmark 10-year Treasury note dipped to 1.713 percent, while the yield on the 30-year Treasury bond also slid to 2.555 percent. Two-year yields, however, rose to 0.75 percent.
Retail sales rose 1.3 percent last month, the Commerce Department said, posting its largest gain in a year. Economists polled by Reuters expected sales to increase 0.8 percent.
Treasurys
The producer price index rose 0.2 percent last month, beating economists' estimate of 0.1 percent.
The preliminary reading for consumer sentiment in May came in at 95.8, well above the expected reading of 90. That said, U.S. business inventories rose 0.4 percent in March, as economists polled by Reuters expected a 0.2 percent rise.
Investors also digested falling U.S. stock and oil prices. The three major U.S. averages traded lower Friday.
Brent crude traded at $47.78 a barrel, down 0.6 percent, while U.S. crude was at $46.20, down 1.1 percent. That said, both Brent and WTI were on track for weekly gains.
—CNBC's Patti Domm contributed to this report
