Dollar falls, bonds jump after disappointing US hiring

U.S. government bond prices rose and the dollar fell after U.S. employers added the fewest jobs since December 2013.

Investors saw the weaker-than-expected job gains as a sign that the Federal Reserve was less likely to raise interest rates soon.

The rise in bond prices pushed down the yield on the 10-year Treasury to its lowest level in two months and the dollar fell 1 percent against a basket of other currencies. Stock futures also declined.

U.S. stock markets are closed in observance of Good Friday, but there is limited morning trading in other markets. The U.S. bond market wraps up at 12 p.m. Eastern time. Major European markets are closed. Asian stock markets finished mostly higher.