Australia Treasury bond yields rally on strong Aussie job numbers

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Australia Treasury bond yields rally on strong Aussie job numbers
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Australia Treasury bond yields rally on strong Aussie job numbers – by anilpanchal7 Australia Employment YieldCurve RBA RiskAversion

The benchmark Australian 10-year Treasury bond yields take the bids to refresh a one-week high to around 3.30% whereas the two-year counterpart prints the biggest daily gains in 13 days around 2.98%, up 2.20% on a day at the latest.

Talking about the latest data from the Australia Bureau of Statistics , Employment Change jumps by 53K versus 20K expected and 64.6K prior while the Unemployment Rate remained unchanged versus the expectation of marking the 3.6% figure. Further, the Participation Rate also improved to 66.7% versus market forecasts of reprinting the 66.6% mark.It should be noted that the US bond coupons also improve after printing the first daily loss of the week on Wednesday.

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