Australian bonds soared after jobs report in the U.S

The Australian bonds soared during the Asian session of the first trading day of the week tracking a similar movement in the U.S. Treasuries, after jobs report in the U.S for the month of December disappointed market sentiments, along with the lowest wage data in over a year.

The yield on Australia’s benchmark 10-year note, which moves inversely to its price, dropped 4 basis points to 1.213 percent, the yield on the long-term 3....