(CNBC) U.S. stock index futures plunged on Good Friday after the nonfarm payrolls came in far below expectations at 126,000.
"This jobs report might anticipate a sooner than later market correction," said Peter Cardillo, chief market economist at Rockwell Global Capital. "The perception of bad news is not going to be interpreted as good news."
The 10-year bond yield sank to 1.81 percent from 1.89 percent. The 2-year Treasury yield fell as low as 0.46 percent from 0.55 percent.
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The United States added 126,000 jobs in March, the weakest since 2013 and below Reuters expectations of 245,000 payrolls. The unemployment rate held steady at 5.5 percent, as expected. Wages increased slightly more than expected at 0.3 percent.