Treasurys choppy after Dow's seesaw ride

NEW YORK (CNNMoney.com) -- Treasury prices were down, then up, then down again in choppy trading Friday, one day after the stock market took a wild seesaw ride featuring a near 1,000-point nosedive.

What prices are doing: At the closing bell, the benchmark 10-year note was down 7/32 to 101-22/32, with a higher yield of 3.43%. Bond prices and yields move in opposite directions.

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Click the chart for current prices and yields.

The 30-year bond fell 1-8/32 to 105-28/32 with a 4.28% yield. The 2-year note edged down to 100-12/32 with a 0.83% yield. The 5-year note slipped to 101-18/32, yielding 2.17%

What's moving the market: Doubts that Greece's aid package would curb defaults in other debt-strapped euro zone countries have recently sent investors seeking the safety of U.S. Treasurys, which are considered low risk. But rather than sticking to their upward trend Friday, bond prices fluctuated throughout the day.

Choppy trading on Friday reflected some uncertainty felt on Wall Street following the stock market's brief nosedive the day before. Investors may choose to buy into Treasurys rather than risk market volatility. Yesterday, a stock quote glitch exacerbated an already downward trend in the stock market, resulting in the Dow's largest-ever point decline in intraday trading. The Dow suddenly fell nearly 1,000 points in the afternoon, but then recovered much of those losses to close down 348.

Meanwhile, a government report out on Friday showed employers added 290,000 jobs in April, significantly more than the 187,000 expected by economists surveyed by Briefing.com. The report also upwardly revised the jobs added in March, but wasn't completely rosy. It said the nation's unemployment rate, which is determined by a separate survey, had increased to 9.9%, up from 9.7% the month before.

Also on Friday, European leaders met to finalize Greece's bailout package. Greek lawmakers approved the aid package on Thursday, and violent protests arose in Athens in response its strict budget-cutting measures that would cut public sector salaries and raise taxes.

What analysts are saying: "The bond market reversal is showing fear in the system, but I don't know you can definitely draw anything from it," said Kenneth Naehu, head of fixed income at Bel Air Investment Advisors, when prices were down at the market's open.

The markets are still showing so much volatility on concerns about Greece, Naehu said. The jobs report number is strong for the U.S., but Wall Street's focus is still on "contagion" in Europe. With uncertainty about Greece's aid package still in the air, the question is -- "who, if anybody, wants to be long in the equity market over the weekend?" Naehu said.

Treasurys will continue to take their cues from Greece and the resulting movements in the stock market, he said.