Aussie Bonds Crushed After “Everything Is Awesome” Best October Job Gains Since 2007

China must be fixed because ‘seasonally-adjusted’ Aussie full-time employment just surged 58,600 MoM (almost quadruple expectations of a 15k rise). This is the best monthly gain in jobs since September 2012 and best October since 2007 – which all makes perfect sense. The resultant bloodbath in Aussie bonds (3Y 13bps to 6 month highs is worst day since Jan 2014) is all too real however. The question is – will this “good news” be jawboned down by RBA in order to give them some easing room?

This post was published at Zero Hedge on 11/11/2015.