U.S. Treasury prices rose on Friday after new government data shows consumer spending declined in February while consumer sentiment was lower than expected in January.

The Commerce Department said spending was up 0.1 percent last month compared to a 0.4 percent gain in January. Meanwhile, the Reuters/University of Michigan index of consumer sentiment was down to 69.5 in March compared with 70.8 in February, lower than estimates.

Two year notes rose 3/32 in price to yield 1.646 at 5:22 p.m. in New York. Ten year notes were up 22/32 in price to yield 3.443.

Michigan