Markets jolted by US jobs
• US jobs. A much stronger than expected US jobs report jolted markets. US yields rose. This supported the USD & pushed the AUD back to the bottom of its range.• Too good to be true? Issues with seasonal factors & weather impacts could have made a good set of numbers look great. Payback likely over time.• RBA in focus. A new year & a new format. No policy change anticipated. But Governor Bullock could follow the Fed & BoE in pushing back on rate cut bets. Another day another burst of volatility on Friday with a bumper US jobs...