Pimco Taps Demand for Yields Double U.S. Rates

Pimco Taps Demand for Yields Double U.S. Rates

Sergio Dionisio/Bloomberg

Pedestrians cross a road in front of the Reserve Bank of Australia headquarters in Sydney, Australia. The Reserve Bank of Australia cut interest rates last week for the first time in 2 1/2 years as the outlook for inflation and global growth cooled.