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.