The Australian bond market is slightly weaker after US stocks gained ground during the overnight session.

St George economist Janu Chan said there was very little to drive bond futures prices.

“It was a largely uneventful session with little major economic news driving financial markets. Share markets edged slightly higher, driven by internet and healthcare stocks,” she said.

“The lift in yields (fall in prices) at the longer-end reversed the decline witnessed over the past week.”

At 0830 AEST on Tuesday, the June 2014 10-year bond futures contract was trading at 96.295 (implying a yield of 3.705 per cent), down from 96.320 (3.680 per cent) on Monday.

The June 2014 three-year bond futures contract was at 97.160 (2.840 per cent), down from 97.180 (2.820 per cent).