Traders use “carry” to refer to the yield earned by holding an asset. That could be positive, as is usually the case for cash held in bank accounts, or negative if the asset needs to be stored at a ...
LONDON, May 15 (Reuters) - The carry trade, where investors buy high-yielding major currencies and sell low-yielding ones, is having its best run in years, even with major risk-driven moves in global ...
Hedge funds and other large institutional traders have put on what's known as the yen carry trade. It works like this: Borrow yen at a low interest rate. Convert yen to another currency, often U.S.