Australian bond futures prices are mixed as investors wait for key local job figures.

A disappointing National Australia Bank business survey, which showed sluggish business conditions affected confidence, helped slightly boost bonds on Tuesday, RBC Capital Markets fixed interest strategist Su-Lin Ong said.

“The survey may have helped this modest gain but it’s second-tier domestic data,” she said.

“Bonds have traded within a very narrow range. The market is really waiting for labour force numbers and the US Fed’s minutes.”

Official labour force figures will be released at 11.30 AEST on Thursday while earlier that morning, the US Federal Reserve’s Federal Open Market Committee will release its minutes.

Ms Ong said investors would be keenly watching if the minutes clarify when the US Fed intends on lifting the federal funds rate.

At 1630 AEST on Tuesday, the June 2014 10-year bond futures contract was trading at 95.905 (implying a yield of 4.095 per cent), slightly up from 95.900 (4.100 per cent) on Monday.

The June 2014 three-year bond futures contract was 96.950 (3.050 per cent), slightly down from 96.960 (3.040 per cent).