Summary: Job ads down 3.0% in July; 20.8% lower than July 2023; ANZ: sixth consecutive monthly decline; ACGB yields generally rise; rate-cut expectations soften; ANZ: risk labour market could slow more sharply than forecast; ad index-to-workforce ratio declines. From mid-2017 onwards, year-on-year growth rates in the total number of Australian job advertisements consistently exceeded 10%. That was until mid-2018 when the annual growth rate fell back markedly. 2019 was notable...