Australian bond futures prices were higher as the bond market ended its final trading session of the year.

The bond and futures market ceased trading for the New Year break at 1230 AEDT on Tuesday, and will resume for 2014 at 0830 AEDT on Thursday.

There was little economic news or data to drive the market as it wound to a close, Westpac chief currency strategist Robert Rennie said.

“I think the Australian bond market is bereft of any significant drivers and that probably remains the case until early next year,” Mr Rennie said.

The market would now be looking forward to labour force data on January 16 and inflation figures on January 22, he said.

At 1230 AEDT on Tuesday, the March 10-year bond futures contract was trading at 95.805 (implying a yield of 4.195 per cent), up from 95.770 (4.230 per cent) on Monday.

The March three-year bond futures contract was at 97.000 (3.000 per cent), up from 96.960 (3.040 per cent).