Australian bond futures prices are higher despite better-than-expected economic data out of the US.

Figures overnight show US core inflation ticked up to 1.7 per cent over the year while sales of new homes in February climbed to their fastest pace in seven years.

But despite the better data, US bond prices rose, with Australian bonds following their lead.

“US 10-year treasury yields fell further from 1.92 per cent to 1.87 per cent (a two-month low) despite the US data mostly beating expectations,” St George chief economist Besa Deda said.

At 0830 AEDT, the June 2015 10-year bond futures contract was trading at 97.670 (implying a yield of 2.330 per cent), up from 97.630 (2.370 per cent) on Tuesday.

The June 2015 three-year bond futures contract was at 98.280 (1.720 per cent), up from 98.270 (1.730 per cent).


Government bond and bank bill yields:

* CGS 4.75 pct July 2017, 1.771% unchanged from Tuesday

* CGS 2.75 pct April 2024, 2.313% unchanged

Sydney Futures Exchange prices:

* June 2015 bill futures, 97.950 from 97.940

* September 2015 bill futures, 98.050 from 98.030

(*Closes taken at 1630 AEDT previous local session)

Source: IRESS