Summary: University of Michigan consumer confidence index rises in November, higher than expected; views of present conditions deteriorate, views of future conditions improve; above June 2022 trough but still below pre-pandemic readings; short-term US Treasury yields rise, longer-term yields fall; rate-cut expectations soften; inflation expectations mixed - short-term down, long-term up. US consumer confidence started 2020 at an elevated level but, after a few months, surveys began to reflect a...