PIMCO's Bowe on Australian Bonds Outlook

Adam Bowe, Managing Director and Head of Australia Portfolio Management at PIMCO, discusses the outlook for Australia's bond market ahead of the RBA's September policy decision, with markets assessing the likelihood of a further 25-basis-point rate increase. He says Australia's rate-hike cycle is fully priced in and the cracks in the economy are being more visible. He speaks with Haidi Stroud-Watts on "Bloomberg: The Asia Trade". (Source: Bloomberg)