The yield on the benchmark 10-year Treasury note slipped to 3.3626%, while the yield on the 30-year Treasury bond dipped to 3.5811%.
The Labor Department reported Friday that payrolls grew by 236,000 for the month, compared to the Dow Jones estimate for 238,000.
Economists expect hiring stayed strong in February and that wages grew even faster than they did in January.
Australian mining giant BHP is optimistic China and India’s growth will boost commodity demand, even as the company reported a steep drop in half-year profits.