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SYDNEY, May 1 Asia Pulse - The Australian bond market opened slightly weaker on Friday as global markets drifted ahead of financial centres closing for the May Day public holiday in Asia.
At 0830 AEST, the yield on the Commonwealth Government March 2019 bond was 4.598 per cent, up from Thursday's close of 4.563 per cent, while the yield on the April 2012 bond was at 3.453 per cent, up from 3.433 per cent.
On the Sydney Futures Exchange, the June 10-year bond futures contract price was 95.400, down from Thursday's close of 95.430, while the June three-year bond futures contract was at 96.550, down from 96.570.
Debt assets in the US closed mixed, with the longer-end of the US Treasury market marginally weaker on worries about the increase in supply of government debt and the Federal Reserve not adding to its buyback program of American fixed-income securities.
Yields on US 10-year notes closed up one basis points to 3.12 per cent, while yields on two-year notes were six basis point lower at 0.90 per cent.
Source: HighBeam Research, AUSTRALIAN BOND MARKET OPENS WEAKER - MAY 1, 2009.