U.S. government debt prices fell on Friday, as investors digested key economic data.
U.S. wholesale prices rose 0.3 percent in December, led higher by more expensive gas, food and cars. The Labor Department said the producer price index, which measures price changes before they reach consumers, increased 1.6 percent last year. Meanwhile, December retail sales rose 0.6 percent, reflecting a boost in confidence after the U.S. election.
"The upcoming president is determined to create more jobs for Americans and also inflate the wage growth number. This surely will help the US retail sales number in the coming months, if he delivers what he has promised," Naeem Aslam, chief market analyst at Think Markets in London, said in a note.
Other economic data released Friday included December consumer sentiment, which came in slightly below estimates and business inventories, which rose 0.7 percent in November.
The yield on the benchmark 10-year Treasury note was higher at around 2.387 percent, while the yield on the 30-year Treasury bond was also higher at 2.985 percent. Yields move inversely to prices.
In oil markets, U.S. crude settled at $52.37 a barrel, down 1.21 percent.
— The Associated Press contributed to this report.