U.S. government debt prices rose on Friday morning as the monthly jobs report showed the unemployment rate fell slightly in January.
The yield on the benchmark 10-year Treasury note rose to 1.15% around 4 p.m. ET, while the yield on the 30-year Treasury bond also rose to 1.95%. Yields move inversely to prices.
According to the Labor Department, the headline unemployment rate fell to 6.3% from 6.7& in January. However, there were some underlying figures that were less encouraging.
The U.S. economy added 49,000 jobs, slightly fewer than expected, and revisions to the December employment report showed more jobs were lost than previously reported.
U.S. trade deficit figures for December will be released at the same time, while consumer credit data for December will follow later in the session.
There are no major U.S. Treasury auctions scheduled on Friday.
Elsewhere, the dollar remained its best weekly performance in three months, up more than 1% week-to-date.
The dollar index against a basket of six major currencies stood little changed at 91.518 on Friday morning.