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AUSTRALIAN BOND MARKET OPENS FIRMER - AUGUST 1, 2006.

AsiaPulse News

| August 01, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SYDNEY, Aug 1 Asia Pulse - The Australian bond market opened firmer today after expectations of a pause in the US interest rate hike cycle this month were reinforced overnight.

At 0900 AEST the yield on the Commonwealth Government April 2015 bond was 5.820 per cent from 5.840 per cent at yesterday's close, while the yield on the August 2008 bond was 5.985 per cent from 5.975 per cent.

On the Sydney Futures Exchange, the September 10-year bond futures contract price was at 94.170 from 94.155 at yesterday's close, while the September three-year bond contract price was at 94.060 from 94.040.

Local bond prices followed US Treasury prices slightly higher overnight on growing expectations the US ...

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