Treasury yields plunge on jobs report


U.S. sovereign bond yields plunged on Friday after a weak monthly jobs report.

The yield on 10-year Treasury notes fell as low as 1.829 percent after closing at 1.904 percent. Bond yields move inversely to prices.

The job figures -- a disappointing 126,000 jobs added -- will be eyed for any indication as to the timing of a rate hike by the Federal Reserve.

Cramer's view on Friday's jobs report

Treasury yields spiked following the release of the last two nonfarm data reports, which indicated to some that an interest rate hike could come sooner rather than later.

Read MoreJobs preview: Slower job growth and flat wages

Economists expected to see the U.S. economy created 245,000 nonfarm payrolls (NFP) in March, with the unemployment rate remaining steady at 5.5 percent.

Only bond and futures markets are open in the U.S. this Good Friday, with U.S. stock markets closed for the Easter holiday.

Trading in bonds is set for an early close at noon ET today, while futures trading will end at 9:15 a.m. ET.

- CNBC's Patti Domm contributed to this report.