Home approval numbers down 1.9% in February, contrasts with expected gain; 5.8% lower than February 2023; Westpac: approvals making another leg lower; ACGB yields up; rate-cut expectations soften; Westpac: data suggests ‘front end’ of construction pipeline shrinking materially; house approvals up 10.5%, apartments down 20.8%; non-residential approvals down 16.0% in dollar terms, residential alterations down 0.1%. Building approvals for dwellings, that is apartments and houses, headed south after mid-2018. As...