Australian bond futures prices are mixed following a quiet overnight trading session.
"It was another reasonably quiet session in offshore markets overnight with little in the way of news or economic data flow," ANZ economists said.
"US Treasuries rallied modestly in a quiet session to start the week following the US (Martin Luther King Jnr) public holiday on Monday.
"Australian bond futures also rallied but moves were limited."
The market on Wednesday would be focused on Australian consumer price index (CPI) data, ANZ economists said.
"Headline CPI inflation is expected to have been modest in the quarter and quarterly underlying inflation is expected to have eased marginally," they said.
"Outcomes broadly in line with expectations are unlikely to change our (or the Reserve Bank of Australia's) perception that inflationary pressures are limited."
At 0830 AEDT on Wednesday, the March 2014 10-year bond futures contract was trading at 95.940 (implying a yield of 4.060 per cent), down from 95.945 (4.055 per cent) on Tuesday.
The March 2014 three-year bond futures contract was at 97.100 (2.900 per cent), unchanged from Tuesday.