PIMCO prefers to invest contrarian, expects major central banks may not raise interest rates as the market anticipates

```htmlDuring March, as the global bond market experienced its worst sell-off since October 2024, PIMCO leaned towards increasing its exposure to rate-sensitive global bonds. With conflicts driving oil prices sharply higher, the risk of a resurgence in inflation has prompted traders to prepare for possible interest rate hikes in the UK, Europe, and the United States later this year.```