Australian employment conditions remain “quite encouraging” according to ANZ’s latest survey of job advertisements. Total job advertisements rose 1.7% in November (in seasonally–adjusted terms) after a 1.0% rise in October, according to ANZ’s monthly job advertisements survey. The year-to-November figure was also higher at 6.1%, up from October’s comparable figure of 5.2%.
3 year and 10 year bond yields both finished lower on the day. 3 year yields fell 4bps to 1.95% while 10 year yields fell 7bps to 2.76%. The Melbourne Institute’s Inflation Gauge for November was also released at the same time so it is debatable as to the influence each report had on yields. The AUD was slightly higher on the day, which indicates the forex market thinks there is an increased probability of higher future interest rates.