Summary: Business conditions steady in October; business confidence improves markedly, back to average; NAB: confidence spikes, an encouraging sign; short-term ACGB yields increase, longer-term yields decline; rate-cut expectations soften; NAB: survey continues to suggest ongoing gradual easing in inflation pressure; capacity utilisation rate falls. NAB’s business survey indicated Australian business conditions were robust in the first half of 2018, with a cyclical-peak reached in April of that year. Readings from...