bonds open firmer - 15th April 2013
Australian bond market has opened firmer, tracking
the move in US Treasuries during the offshore session.
US retail sales and consumer confidence data, coupled
with a negative finish for US stocks on Wall St, triggered
investors to pour into US Treasuries during Friday
night's (AEST) session and Australian bond futures
contracts followed suit.
0830 AEST on Monday, the June 10-year bond futures
contract was trading at 96.755, implying a yield of
3.245 per cent, up from Friday's close of 96.700 (3.300
June three-year bond futures contract was at 97.280
(2.720 per cent), up from 97.220 (2.780 per cent)
Treasuries rallied in the belly and long end of the
curve on Friday night, following weaker-than-expected
data," ANZ said in a research note.
bond futures also rallied, outperforming US Treasuries
at the short end of the curve."
retail sales dipped 0.4 per cent in March, well below
market expectations of an 0.1 per cent decline.
a closely watched private sector survey of US consumer
confidence surprisingly tumbled to a nine-month low.
economics news on Monday, the Australian Bureau of
Statistics will release housing finance figures for
industrial production, gross domestic product and
retail sales figures are also due for media publication
on Monday. (AAP)