Futures trade lower in early Sydney....>

AUSSIE BONDS: Futures trade lower in early Sydney dealing this week, with

stronger than expected Chinese PMIs from over the weekend and some longer date

ACGB supply (2047) in focus.

- YM & XM -2.0 at writing, YM/XM sits at 38.50.

- Bills 1-3 ticks lower through the reds.

- Early flow seen in IBZ9 with over 8.0K changing hands at 99.270.

- Q3 inventory & operating profits, monthly building approvals and the latest

round of Melbourne Institute inflation expectation data are all due today.

- Earlier data saw the AiG m'fing PMI come in on the softer side, moving into

contractionary territory (48.1 vs. prev. 51.6), while the final November reading

of the CBA equivalent confirmed the flash print of 49.9. CoreLogic's headline

house price metric rose by 2.0% M/M, the fastest monthly increase since 2003,

with Sydney's house price growth outstripping Melbourne (M/M).