View Comments

Australian bond futures prices are firmer as equity markets remain weak following US Treasury gains.

The Australian bond prices were well supported after weak US house sales data increased appetite for safe-haven assets.

US Treasury prices gained on Saturday, Australian time, after weaker-than-expected US housing data was released.

Existing-home sales in January fell 5.1 per cent to an annual rate of 4.62 million.

JP Morgan interest rate strategist Sally Auld said bond futures remained well bid thanks to support for US Treasury bonds.

"There hasn't been any data out and equity markets down in our region it's been a risk-off session so we've seen bond markets supported," Ms Auld said.

In the absence of any local data Australian bonds traded in a tight range on Monday.

At 1630 AEDT on Monday, the March 2014 10-year bond futures contract was trading at 95.885 (implying a yield of 4.115 per cent), up from 95.840 (4.160 per cent) on Thursday.

The March 2014 three-year bond futures contract was at 96.990 (3.010 per cent), up from 96.950 (3.050 per cent).