Summary: Westpac-Melbourne Institute consumer sentiment index declines in July; Westpac: sentiment stuck in deeply pessimistic range for 2 years; ACGB yields decline; rate-rise expectations soften; Westpac: persistent inflation, further interest rate rises fears offsetting tax-cut boost; two of five sub-indices lower; fewer respondents expecting higher jobless rate. After a lengthy divergence between measures of consumer sentiment and business confidence in Australia which began in 2014, confidence readings of the two...