The unusual combination on Friday of the Good Friday holiday, a potentially crucial jobs report and a truncated trading session could complicate the work of bond traders, even into next week.

The bond market will remain open on Friday for a truncated trading session in observance of the holiday, even as European exchanges and a vast swath of U.S. market will remain shuttered. But Friday also will coincide with what some have billed as a blowout employment report, which could show new job gains north of a million in March.