Traders convinced fourth rate rise on the way after jobs blowout

Bond traders are all but certain that the Reserve Bank of Australia will raise interest rates for a fourth time this year after June employment figures smashed expectations on Thursday.

Markets were swift to react to the 76,300 jump in employment numbers last month against the consensus expected 15,000 increase. The May number was also revised up to 44,000 workers, while the unemployment rate held steady at 4.4 per cent.

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