• U.S. retail sales jumped 9.8% in March, according to data released Thursday by the Commerce Department.
• The Labor Department reported that there were 576,000 new jobless claims filed for the week ended April 10.
• There are no auctions scheduled to be held Friday.

U.S. Treasury yields rebounded on Friday after the 10-year rate slipped to 1.53% in the previous session.

The yield on the benchmark 10-year Treasury note rose to 1.587% in afternoon trading. The yield on the 30-year Treasury bond climbed to 2.275%. Yields move inversely to prices.

The 10-year Treasury yield recently topped 1.7%, while the 30-year government bond rate traded above 2.5%, amid concerns about rising inflation.

Housing starts jumped 19.4% month-over-month in March, according the Commerce Department, while building permits rose 2.7%.

The University of Michigan's consumer sentiment index rose in April to 86.5 from 84.9 a month prior.

Friday's move in the bond market comes after yields dropped on Thursday afternoon, despite strong economic data.

U.S. retail sales jumped 9.8% in March, according to data released Thursday by the Commerce Department, which was well above the Dow Jones estimate of 6.1% growth.

Meanwhile, the Labor Department reported that there were 576,000 new jobless claims filed for the week ended April 10. This was the lowest number of new weekly unemployment insurance claims since March 2020 and well below the 710,000 forecast by economists.

There are no auctions scheduled to be held Friday.