Australian bond yields dropped after weak jobs report

Omkar Godbole FXStreet Contributor

Australian bond yields surrendered gains after a dismal September jobs report soured the sentiment and increased demand for government bonds.

At the time of writing, the 10-year yield was trading at 2.314%. The yield clocked a high of 2.377% ahead of the jobs report release.

The 2-yr yield, which mimics short-term interest rate bets/short-term inflation expectations, was seen trading 3.7 basis points lower around 1.685%. The yield clocked a high of 1.753% earlier today.

Aussie government bond yields have been on the rise off late, leading to a five-day winning streak in the Australian dollar against the greenback. The currency pair was last seen trading just below 0.76 handle.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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