The good news in the US jobs report Friday night hammered bond markets globally, not least in the USofA itself where yields piled on huge gains, the 30 year yield rose 10 points or 4%, the 5 year yield rose 16 points or 13%, and the US 2 year rocketed 13 points or 25%!
However, all remain well below former peaks.
Australian bonds reacted likewise but not as violently with the 10 year jumping 13 points or 5.5%, the 5 year backing up 11 points or 5.5% and the 2 year up 10 points or 5.3%. Here’s the monthly chart:
