, Columnist
Carry On Like Nothing Really Matters. Until It Does
A popular trading strategy is producing heavy losses for investors as volatility soars.
The carry trade is delivering heavy losses to investors. on Wall Street.
Photographer: Sebastian Willlnow/AFP/Getty Images
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It’s no secret that yields on sovereign bonds around the world remain stunningly and historically low. And that, in turn, means a revival in the “carry trade.” So it’s worth knowing a little more about it so as to both profit and and avert a very real chance of disaster.