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US Treasury yields move higher after economic data

U.S. government debt yields rose on Friday as investors digested a new batch of economic data.

U.S. Markets Overview: Treasurys chart

At 3:54 p.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.766 percent, while the yield on the 30-year Treasury bond was also higher at 3.135 percent. Friday's moves cap a 10-basis-point weekly rise for the 10-year yield.

The Institute for Supply Management released data showing U.S. manufacturing activity expanded at its slowest pace since November 2016. Meanwhile, the University of Michigan consumer sentiment index came in below expectations for February.

U.S. personal income fell for the first time in more than three years in January, according to a report by the Commerce Department. The government said on Friday personal income slipped 0.1 percent in January. That was the first decline since November 2015 and followed a 1.0 percent jump in December.

The department added that income was weighed down by declines in dividends, farm proprietors' and interest income. Wages increased 0.3 percent in January after rising 0.5 percent in December.

International benchmark Brent crude traded at around $66.84 on Friday, up around 0.7 percent, while U.S. West Texas Intermediate (WTI) stood at around $57.69, more than 0.8 percent higher.