Australian bond futures prices have rallied on the back of disappointing US jobs data.
The US non-farm payrolls report released on Saturday morning, Australian time, showed employers added 74,000 jobs in December, much less than the 197,000 jobs analysts had expected.
The soft figures were good news for bond prices, ANZ economists said.
"The significantly weaker-than-expected US non-farm payrolls employment figures were the key driver of markets," the economists said.
"US Treasuries rallied sharply after the weaker-than-expected US payrolls employment report.
"Australian bond futures also rallied across the curve."
At 0830 AEDT on Monday, the March 2014 10-year bond futures contract was trading at 95.830 (implying a yield of 4.170 per cent), up from 95.785 (4.215 per cent) on Friday.
The March 2014 three-year bond futures contract was at 96.990 (3.010 per cent), up from 96.930 (3.070 per cent).