Aust bonds weaken as US economy looks good AUSTRALIAN bond futures prices are lower as traders move out of safe haven asset amid more good indicators for the United States economy. During the offshore session on Friday night, a non-farm payrolls report showed there were 175,000 jobs added to the US economy in May, which was better than expected and stronger than April's 149,000 jobs gain. On Monday night, Standard & Poor's ratings agency affirmed its credit rating for the US at AA-plus and raised its outlook for the rating from negative to stable, citing a stronger American economy. The upgrade means means S&P is less likely to downgrade the country's rating in the near future. National Australia Bank senior economist David de Garis said US Treasury bonds weakened after the jobs data and the ratings announcement. "The suite of global data released at the end of last week after our market closed reflects a US economy that is continuing to grow," he said. At 0830 AEST on Tuesday, the June 10-year bond futures contract was trading at 96.635 (implying a yield of 3.365 per cent), down from 96.745 (3.255 per cent) on Friday. The June three-year bond futures contract was at 97.460 (2.540 per cent), down from 97.530 (2.470 per cent). Australian markets were closed on Monday for the Queen's birthday public holiday. Local data out on Tuesday includes official housing finance figures for April and the National Australia Bank monthly business survey.