By Saumya Vaishampayan
NEW YORK (MarketWatch) -- Treasurys surged on Friday as the U.S. economy in March added the smallest number of jobs in 10 months. The economy created 88,000 jobs in March, sharply missing economist expectations of a gain of 190,000 jobs. The unemployment rate fell to 7.6% from 7.7%. Economists surveyed by MarketWatch expected the unemployment rate to remain at 7.7%. Yields on the benchmark 10-year U.S. Treasury note 10_YEAR -0.79% fell 7 basis points to 1.69%. Those yields, which move inversely to prices, were at 1.75% ahead of the data release. One basis point is one one-hundredth of a percentage point.
