The yield on the benchmark 10-year Treasury note, which moves inversely to its price, was higher at 2.352 percent, while the yield on the 30-year Treasury bond was slightly higher, at 3.03 percent.
On Thursday, Fed Chair Janet Yellen gave testimony before the Joint Economic Committee of Congress. Yellen, like many other Fed speakers, reaffirmed that a rate hike is coming soon.
Friday morning, St. Louis Fed President James Bullard said he is leaning toward supporting a rate hike next month and argued on Friday that the real question now is the Fed's rate path in 2017.
Kansas City Fed President Esther George said she supports a rate hike "sooner rather than later" at a joint conference of the Federal Reserve Banks of Dallas and Kansas City Friday morning.
New York Fed President Bill Dudley said during a press briefing Friday morning that it was too soon to speculate on new fiscal policies. The post-election market response suggests people expect fiscal policy to move in a more stimulative direction, he said, although he doesn't think the current status of the markets is concerning in terms of the implications for monetary policy. Dudley reaffirmed that free trade is generally good for economic growth, adding that fiscal changes tied to infrastructure spending would presumably increase productive capacity.
— CNBC's Patti Domm and Reuters contributed to this report