Summary: US industrial output up 0.9% in December, greater than expected; up 0.5% over past 12 months; ANZ: boosted by recovery in utilities output, end to Boeing strike; short-term US Treasury yields rise, longer-term yields hardly moved; rate-cut expectations soften; capacity utilisation rate rises to 77.6%, below long-term average. The Federal Reserve’s industrial production (IP) index measures real output from manufacturing, mining, electricity and gas company facilities located in the...