Aust bonds slightly firmer in quiet trade

The Australian bond market are slightly firmer after a night of quiet trade following the release of a batch of US economic data.

Applications for US unemployment benefits fell last week and there was an upward revision to US fourth-quarter economic growth to an annual rate of 2.6 per cent.

St George senior economist Hans Kunnen said both equities and bonds didn't impress, with continued wariness following tension in Ukraine and speculation over US economic policy.

"The lacklustre performance of equities was echoed in the bond market with little movement in bond yields," Mr Kunnen said.

"The overnight market continued the recent trend of heightened daily volatility created by events in Ukraine and speculation over US monetary policy."

At 0830 AEDT on Friday, the June 2014 10-year bond futures contract was trading at 95.930 (implying a yield of 4.070 per cent), up from 95.905 (4.095 per cent) on Thursday.

The June 2014 three-year bond futures contract was at 96.950 (3.050 per cent), level with the previous local close.

Economic data of interest to investors due out on Friday night include the University of Michigan consumer confidence survey for March and the euro zone consumer confidence survey, also for March.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.9329-0.0004-0.04%
    AUDUSD=X
    0.5551-0.0004-0.07%
    AUDGBP=X
    0.6751-0.0004-0.06%
    AUDEUR=X
  • Commodities
    Commodities
    NamePriceChange% Chg