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 on Thursday smashed expectations. Markets were swift to react to the numbers which showed a 76,300 jump in employment last month versus consensus for a 15,000 increase. The May number was also upwardly revised to 44,000 workers, while the unemployment rate held steady at 4.4 per cent.