Treasurys were mixed Friday after the Labor Department said U.S. employers cut 651,000 jobs in February, pushing the unemployment rate to the highest in 25 years.
Yields on 10-year notes decreased 1 basis point, or 0.01%, to 2.81%. Yields move inversely to bond prices.
Two-year note yields rose 1 basis point to 0.90%. Economists polled by MarketWatch predicted a loss of 650,000 jobs. The government also revised January and December data to reflect higher job losses. Read more on jobs report.
The unemployment rate rose to 8.1% from 7.6% in January. Economists predicted the rate would increase to 8%.
Bonds had been lower before the data as some traders were positioned for higher numbers, possibly as much as 1 million jobs lost.
"This is a universally weak report," said strategists at RBS Greenwich Capital. "Treasurys are trading lower in the wake of the release -- a trend that's more a function of supply and positions than any shift in fundamental economic expectations based on the report."
Traders are expected to immediately look ahead to the government's sales of notes and bonds next week.
