Summary: US CPI up 0.1% in November, less than expected; “core” rate up 0.2%; inflation pressures easing; Treasury yields fall significantly; rate-rise expectations soften considerably; softening goods inflation, persistent services inflation theme “intact”; non-energy services again main driver, adds 0.23 ppts. The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved from nearly 3% in the period from July 2018 to February 2019....