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Australian bond futures prices are slightly lower after a US stocks rally fuelled demand for riskier assets.

Continued strength of some high-flying technology equities propelled US stocks higher overnight, with the S&P 500 almost reaching a record high.

This, combined with investor dismissal of recent weak US economic data as being weather-related rather than indicative of a long-term trend, had increased appetite for riskier assets, CMC Markets chief market analyst Ric Spooner said.

"US stocks have rallied and risk appetite is up," he said.

"The market is also batting between conflicting sentiment at the moment and Aussie bond prices have been gaining one day, and losing the next.

"Higher inflation (in Australia) has also been seen as a threat while others blame it on shorter-term seasonal factors."

At 0830 AEDT on Tuesday, the March 2014 10-year bond futures contract was trading at 95.880 (implying a yield of 4.120 per cent), down from 95.885 (4.115 per cent) on Monday.

The March 2014 three-year bond futures contract was at 96.970 (3.030 per cent), up from 96.990 (3.010 per cent).