Summary: Business conditions deteriorate in November; business confidence slumps, well below long-term average; NAB: points to soft growth in Dec quarter; ACGB yields fall noticeably; rate-cut expectations harden; Westpac: update consistent with broader downward trend in businesses’ assessment of business conditions; capacity utilisation rate unchanged. 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...