Pimco calls Australian bonds a "value opportunity": With the beginning of an economic chill, they are betting on a dovish turn in Australia in the second half of next year.

According to the Wisdom Financial News app, this week, the Australian Reserve Bank announced on June 16 that it would keep the cash rate unchanged at 4.35%. Pacific Investment Management Company (Pimco) is currently inclined to allocate Australian government bonds with maturities of 5 to 10 years, betting that the Australian central bank will eventually be forced to cut interest rates to support the increasingly slowing domestic economy.