U.S. Treasury yields fell on Friday after employers hired far fewer workers than expected in January, suggesting a loss of momentum in the economy at the same time as the Federal Reserve pares its bond purchase program.
Nonfarm payrolls roles only 113,000 in January, below economists' expectations of 185,000 jobs, and job gains for December were also barely revised up, while the unemployment rate hit a new five-year low of 6.6 percent.
"It's disappointing," said David Coard, head of fixed income sales and trading at Williams Capital Group in New York.
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The report is unlikely to sway the Federal Reserve from continuing to make reductions in its bond purchase program, however, with the next Fed meeting not scheduled until March.