Pimco Favors Australian Bonds, Betting on Rate Cuts Next Year

View of the Sydney Harbour Bridge and the Opera House from the penthouse at One Barangaroo Crown residences in Sydney, Australia, on Wednesday, April 17, 2024. The apartment is perched atop One Barangaroo tower, which won the global Emporis Skyscraper Award in 2020 in a first by an Australian structure.