PIMCO: Investors expect to continue withdrawing from US assets

According to a report by Golden Finance, Pacific Investment Management Company (PIMCO) stated that the trend of investors withdrawing from US assets and the US Treasury yield curve becoming steeper is expected to continue in the second half of this year. The report states, "We expect the investment scenario for the first half of 2025 to remain relevant in multiple aspects. This includes the continued depreciation of the US dollar and the widening gap between short-term and long-term US Treasury yields. We believe that the global market will continue to outperform the United States. Pacific Investment Management favors global short-term and medium-term bonds. It also believes that central banks around the world may cut interest rates more than expected. (Golden Ten)