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SYDNEY, Sept 1 Asia Pulse - Australian bonds opened firmer today, mirroring US Treasuries which continued to amid investor perceptions that US inflation is under control.
At 0900 AEST the yield on the Commonwealth Government April 2015 bond was 5.640 per cent compared to yesterday's close of 5.670 per cent, while the yield on the August 2008 bond was 5.815 per cent from 5.835 per cent.
On the Sydney Futures Exchange, the September 10-year bond futures contract price was at 94.360 from yesterday's close of 94.325, while the September three-year bond contract price was at 94.230 compared to 94.210.
US bond yields fell overnight with investors believing inflation is under control following a softer-than-expected rise in the US core personal consumption expenditure(PCE) deflator for July.
"The all important core PCE deflator rose a softer than expected 0.1 per cent in the month, to be 2.4 per cent above year ago levels," ANZ markets economist Cherelle Murphy said.
The US Federal Reserve's preferred inflation indicator suggests ...
Source: HighBeam Research, AUSTRALIAN BOND MARKET BEGINS HIGHER - SEPT 1, 2006.