Emerging markets carry trade? Well, it’s back

The emerging market carry trade is back on, helping to chase higher the very assets that were sold off last year amid concerns U.S. interest rates were set to rise. “The U.S. yields haven’t actually risen,” said Nizam Idris, head of fixed income and foreign-exchange strategy at Macquarie. “That e…

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Emerging markets carry trade? Well, it’s back