Group 1 - The core viewpoint is that Allianz Investment sees opportunities in core interest rate products and credit asset strategies, particularly focusing on short-term interest rate assets due to the recent Fed rate cut driven by weak employment data [1] - Allianz Investment emphasizes that fiscal policy is the most important reference for assessing interest rate risk, significantly impacting long-term bond yields [1] - The firm suggests considering market opportunities, including single market strategies benefiting from a steepening U.S. yield curve and cross-market spread strategies favoring long-term sovereign bonds from fiscally stable countries like Spain [1] Group 2 - In the credit sector, despite tightening spreads, corporate fundamentals remain resilient, and systemic imbalances in major markets are relatively limited, making spreads attractive, especially for BBB and BB-rated bonds [2] - Allianz Investment advocates for a global multi-sector allocation strategy to capture investment opportunities, noting signs of recovery and expansion in some European markets while the U.S. shows signs of a cycle's end [2] - The firm believes that Asian and emerging markets are likely to outperform others, supported by improving credit fundamentals [2]