U.S. Treasury debt yields rose on Friday after data showed the world's largest economy grew at a faster rate than expected in the third quarter, suggesting the U.S. Federal Reserve was on track to raise interest rates at its December meeting.

Gross domestic product grew at a 2.9 % annual rate after expanding 1.4 % in the second quarter, the Commerce Department said on Friday in its first estimate. That was the strongest growth since the third quarter of 2014.

Benchmark 10-year Treasury notes were down 4/32 in price to yield 1.861 %, up from 1.843 % late on Thursday.

U.S. 30-year bonds were 11/32 down in price to yield 2.618 %, up from Thursday's 2.602 %. 

U.S. two-year note yields were at 0.888 %, up from Thursday's 0.884 %. They hit a five-month high of 0.9 % following the GDP data.