Aust bond futures rally on Fed taper talk September 24, 2013 - 5:08PM Australian bond futures prices have rallied after the New York Federal Reserve chairman voiced concerns about the US economic recovery. Overnight, William Dudley said the US Federal Reserve had a tapering timetable and would wind down the bond purchases when there was broad improvement in the American economy. ANZ head of interest rate research Tony Morriss said Mr Dudley's comments, along with stock market weakness, supported the bond market on Tuesday. Furthermore, stock markets were a little bit weaker last night, so that certainly has helped.