Treasury yields fell on Friday after the release of a disappointing jobs report.
The yield on the benchmark 10-year Treasury note, which moves inversely to the price, fell three basis points to around 1.822%, while the yield on the 30-year Treasury bond was also lower at around 2.28%.
The Labor Department said the U.S. added 145,000 jobs in December, missing an estimate of 160,000. The unemployment rate held steady at 3.5%, meeting expectations for staying at a 50-year low.
In addition to the slow payroll growth, average hourly earnings rose by just 2.9%, below the 3.1% projection. December marked the first time that wage gains were below 3% on a year-over-year basis since July 2018.
"Treasuries rallied in textbook fashion after the print," Jon Hill, BMO's rates strategist said in a note. "This is consistent with an in-range stabilization after the past week's geopolitical drama, and tees up a focus on next week's top-tier data releases as well as any sentiment shift post signing of the Phase I trade deal."
Investors also kept an eye on the geopolitical developments after the U.S. and Iran appeared to edge away from the brink of further conflict in the Middle East.
The House passed a resolution to limit President Donald Trump's war powers against Tehran on Thursday, with many lawmakers concerned about the prospect of another escalation following the U.S. killing of Iran's top general Qasem Soleimani last week.
On Wednesday, Trump said Iran appeared to be "standing down," adding that Washington would "immediately impose additional punishing economic sanctions on the state."
There are no major U.S. Treasury auctions scheduled on Friday.
— CNBC's Jesse Pound contributed to this report.