Aust bond futures prices lower

Australian bond futures prices are lower despite disappointing economic data out of the US.

Orders for US durable goods sagged in February, with new orders for long-lasting manufactured goods falling 1.4 per cent, the third decline in four months.

ANZ economists said the Australian bond market took its cue from the US.

“US Treasuries sold off despite the weaker-than-expected durable goods data,” they said.

At 0830 AEDT, the June 2015 10-year bond futures contract was trading at 97.650 (implying a yield of 2.350 per cent), down from 97.680 (2.320 per cent) on Wednesday.

The June 2015 three-year bond futures contract was at 98.280 (1.720 per cent), down from 98.300 (1.700 per cent).

KEY MOVEMENTS:

Government bond and bank bill yields:

  • CGS 4.75 pct July 2017, 1.734% unchanged from Wednesday

  • CGS 2.75 pct April 2024, 2.264% unchanged

Sydney Futures Exchange prices:

  • June 2015 bill futures, 97.950 from 97.960

  • September 2015 bill futures, 98.050 from 98.070

(*Closes taken at 1630 AEDT previous local session)

Source: IRESS

AAP