Pimco Sees Value in Australian Bonds as Rate Hikes Overpriced
Pacific Investment Management Co. is taking an increasingly constructive stance on Australian bonds, arguing that market expectations for interest-rate hikes have gone too far in the face of a slowing...
By Matthew Burgess and Haidi Lun · Bloomberg Markets
Pacific Investment Management Co. is taking an increasingly constructive stance on Australian bonds, arguing that market expectations for interest-rate hikes have gone too far in the face of a slowing local economy.