Australian bonds closed little changed after a lacklustre day of trade played out against the backdrop of ongoing tensions in oil-rich Libya.
At 1630 AEDT on the ASX 24, the March 10-year bond futures contract price was 94.435 (implying a yield of 5.565 per cent), down slightly from Tuesday's close of 94.440 (5.560 per cent).
The March three-year bond futures contract price was 94.890 (5.110 per cent), unchanged from the previous day's close.
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RBC Capital markets economist Michael Turner described Wednesday's trading day as quiet, with no economic data to shift the market.
"It's been lacklustre ... a bit of a quiet one," he said.
Mr Turner said investor attention had been caught up in the ongoing conflict in Libya in recent weeks.
Forces loyal to Libyan leader Muammar Gaddafi have launched air strikes on rebels opposing his rule, as the United States says any no-fly zone over the country will need to have full UN backing.
US President Barack Obama and British Prime Minister David Cameron said they would plan a "full spectrum" of action against Gaddafi while US officials met with opposition members seeking to topple the veteran leader.
Mr Cameron said the world could not stand aside while Gaddafi did "terrible things" to the Libyan people.
Mr Turner said investors would look ahead to key domestic employment figures released on Thursday for a lead.
The Australian Bureau of Statistics (ABS) will release its labour force data for February, with economists predicting a steady jobless rate of 5.0 per cent.
The data also expected to show total employment rose by 20,000, while the participation rate is expected to remain at 65.9 per cent, the median of 11 economists surveyed by AAP shows.
