Australia 10-year bond yield jumps 5 bps on stellar jobs report
|- Australia government bonds dropped, pushing yields higher after the Australian Bureau of Statistics data published a stellar jobs report.
- Employment rose by 39,100 in January, beating the estimated increase of 15,000 over the month by a big margin. The jobless rate remained unchanged at 5 percent.
Australia government bond yields jumped following the release of a blockbuster January employment report.
The yield on the 10-year government bond yield rose by 5 basis points to 2.13 percent and was last seen trading at 2.115 percent.
Yields at the short-end of the curve are also flashing green. The two-year yield, which is more sensitive to interest rate expectations, is seen at 1.77 percent, up three basis points on the day.
Meanwhile, the spread between the Aussie and US 10-year government bond yields has improved to -0.522 basis points from -0.56 basis points seen before the release of the jobs data.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.