Aust bonds follow US Treasuries lower

The Australian bond market is weaker following moves in US bond prices, which fell after comments by the US Federal Reserve on potential interest rate rises.

St George senior economist Jo Horton said US Treasury prices slid "as a lift in sentiment continued the reversal in safe-haven flows", following comments from Fed chair Janet Yellen.

"(The) speech by Fed Chair Yellen reiterated a (rate) hike later this year would be appropriate, but noted the economic outlook remained uncertain," Ms Horton said.

At 0830 AEST on Monday, the September 2015 10-year bond futures contract was trading at 96.945 (implying a yield of 3.055 per cent), down from 97.015 (2.985 per cent) on Friday.

The September 2015 three-year bond futures contract was at 97.990 (2.010 per cent), down from 98.020 (1.980 per cent).


Government bond yields:

* CGS 5.5pct Jan 2018, 1.914%, from 1.915% on Friday

* CGS 4.25pct April 2026, 3.024%, unchanged

Sydney Futures Exchange prices:

* September 2015 bill futures, 97.890, from 97.900

* December 2015 bill futures, 97.920, from 97.940

(*Closes taken at 1630 AEST previous local session)

Source: IRESS


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