Dollar falls, bonds jump after disappointing US hiring
Source: AP-Excite
By MATTHEW CRAFT
NEW YORK (AP) — U.S. government bond prices jumped and the dollar dipped on Friday following news that U.S. employers added the fewest jobs in a month since December 2013. The stock market was closed in observance of Good Friday.
Traders saw the weaker-than-expected job gains in March as a sign that the Federal Reserve might delay raising interest rates. The rise in bond prices sent the yield on the 10-year Treasury down to its lowest level in two months. Futures contracts on the stock market also fell.
In a holiday-shortened trading session, the U.S. bond market wrapped up at noon Eastern time. Major European stock markets were closed, while Asian market finished mostly higher.
KEEPING SCORE: The yield on the 10-year Treasury note fell to 1.84 percent. That was down from 1.91 percent late Thursday. Standard & Poor's 500 index futures fell 20 points, or 1 percent. The dollar fell nearly 1 percent against the euro.
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FILE - This May 11, 2007 file photo shows a Wall Street sign in front of the flag-draped facade of the New York Stock Exchange. U.S. stocks are edging higher Thursday, April 2, 2015, as the market shakes off two days of losses. (AP Photo/Richard Drew, File)
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