Summary: Westpac-Melbourne Institute consumer sentiment index down again in May; cost-of-living pressures, inflation concerns more than offsets relatively well-received Federal Budget; ACGB yields rise modestly; rate-cut expectations soften; expectations improve, overshadowed by deterioration in current conditions, fears of further rate rises; two of five sub-indices lower; more respondents expecting higher jobless rate. After a lengthy divergence between measures of consumer sentiment and business confidence in Australia which began in 2014,...