SYDNEY/WELLINGTON, June 25 (Reuters) - The Australian and New Zealand dollars held off multi-month lows on Tuesday, while beaten-down government bonds found some respite after top Federal Reserve officials tried to calm panicky markets about an imminent withdrawal of stimulus.
* Sentiment still cautious with Chinese stocks remaining on the defensive after Monday's drubbing. Fears the PBOC will keep money tight to curb credit and thus risk a sharper slowdown in economic growth is keeping investors on edge.
* The Aussie at $0.9257, after bouncing off a 33-month low of $0.9148 but not making much headway. Resistance seen around $0.9325, the June 11 low.
* The New Zealand dollar at $0.7750 as it steadies from a slide to a one-year low of $0.7683. Support seen at $0.7720 and resistance at $0.7784 and then $0.7810.
* Both Antipodean currencies touch firmer on the yen, while holding ground against the euro.
* Cooler heads prevail after a trio of Federal Reserve officials emerged to assure investors that a tightening was still a very distant prospect.
* Dallas Fed President Richard Fisher says an exit from monetary easing 'is way out in the future' and warns the 'feral hogs' of financial markets against over reaction.
* That helped 10-year Treasury yields back off a 2.67 pct high to end steady at 2.54 pct. That in turn staunched some of the bleeding in Australian bonds, which had taken an absolute battering on Monday.
* Australia's 10-year bonds yielding 3.908 pct, down from a 14-month high of 4.011 pct. It surged 25 bps on Monday, marking its biggest one-day increase since Oct 2009.
* The 10-year bond futures are up 13.5 ticks at 96.075, pulling off a 15-month trough of 95.845 hit overnight. They had been down as much as 37 ticks at one point on Monday in the worst selloff since the global financial crisis.
* The three-year contract gains 8 ticks to 97.030, having been as low as 96.860. Both contracts are still nursing huge losses since the Fed signalled a possible start to tapering last week.
* New Zealand government bonds also better bid after Monday's battering, with yields down around 4 bps.
* There is no major economic data in both Australia and New Zealand this week, keeping the market's focus firmly on offshore developments.
(Reporting by Ian Chua) Keywords: MARKETS AUSTRALIA NEWZEALAND/FOREX
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