Aust bonds slightly higher in quiet trade November 29, 2013 - 4:46PM The Australian bond market firmed slightly in low volumes, despite a higher inflation reading in Germany. National Australia Bank head of research Peter Jolly said trading was light on Friday due to the Thanksgiving Day public holiday in the United States. "We haven't really travelled far and the US holiday season has added to that," Mr Jolly said. He said the combined influences of higher European yields, a stronger stock market and a slightly higher CPI print in Germany had kept Australian bonds relatively stable. Bond yields in Europe rose (prices fell) after German inflation accelerated, lessening the likelihood the European Central Bank would take further steps to ease monetary policy. The unadjusted German inflation rate edged up to 1.3 per cent in the 12 months to November, from 1.2 per cent in the year to October. At 1630 AEDT on Friday, the December 10-year bond futures contract was trading at 95.835 (implying a yield of 4.165 per cent), up from 95.800 (4.200 per cent) on Thursday. The December three-year bond futures contract was at 96.92 (3.08 per cent), up from 96.880 (3.120 per cent).