Summary: US industrial output down 0.3% in October, fall slightly larger than expected; down 0.3% over past 12 months; ANZ: strikes, hurricanes, hit production for second month; short-term US Treasury yields fall, longer-term yields either steady or up slightly; rate-cut expectations firm; capacity utilisation rate falls to 77.1%, below long-term average. The Federal Reserve’s industrial production (IP) index measures real output from manufacturing, mining, electricity and gas company facilities located...