The Australian bond market ended marginally softer after starting the day on a high note, as Asian equity markets continued to stabilise.
At 1630 AEDT, the yield on the Commonwealth Government February 2017 bond was at 5.648 per cent from Wednesday's close at 5.645 per cent, while the yield on the August 2010 bond was at 5.889 from 5.870 per cent.
On the Sydney Futures Exchange, the March 10-year bond futures contract price was at 94.350 from 94.340 at Wednesday's close, while the three-year contract price was at 94.115 from 94.115.
RBC fixed interest strategist Su-Lin Ong said local markets continue to take direction from movement in Asian equities.
"Asian equities have had a stronger day here, in particular the Nikkei is up about 280 points and the Hang Seng is also up, and I guess this has placed a bit of pressure on treasuries in our time zone and weighed on the Aussie market this afternoon," she said.
"We are going to close broadly unchanged but the market was firmer this morning and it has given up some of those gains."
On Thursday night the European central Bank (ECB) and the Bank of England will both decide on interest rates, however, Ms Ong said there is not likely to be any surprises.
"The ECB will hike while the Bank of England will stay steady," she said.
"In terms of key data we are waiting for (US) non-farm payrolls.
"Some of the partials have been a little soft, so the market is starting to think that maybe some of the moderation in the economy and softer housing may actually be filtering through the labour market now."
Ms Ong said there is some concern that payrolls may print on the weaker side and that could continue to lend support to the bond market.
In Australia on Friday, housing finance figures will be released.